Waldron Private Wealth LLC Purchases 1,723 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Waldron Private Wealth LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,832 shares of the financial services provider’s stock after purchasing an additional 1,723 shares during the period. Waldron Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $11,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Everett Harris & Co. CA lifted its position in JPMorgan Chase & Co. by 36.2% during the fourth quarter. Everett Harris & Co. CA now owns 26,220 shares of the financial services provider’s stock valued at $6,285,000 after purchasing an additional 6,971 shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 1.3% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 11,235 shares of the financial services provider’s stock worth $2,693,000 after buying an additional 139 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $3,503,000. Great Diamond Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the 4th quarter. Great Diamond Partners LLC now owns 3,355 shares of the financial services provider’s stock valued at $804,000 after buying an additional 142 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of JPMorgan Chase & Co. by 3.8% during the 4th quarter. Caprock Group LLC now owns 79,803 shares of the financial services provider’s stock valued at $19,130,000 after acquiring an additional 2,937 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JPM shares. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.4 %

JPM stock opened at $275.84 on Friday. The firm has a fifty day moving average price of $249.57 and a 200 day moving average price of $229.92. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $278.55. The firm has a market cap of $776.57 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.81%. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.