JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,137 shares of the financial services provider’s stock after purchasing an additional 457 shares during the period. Old North State Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $754,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JPM. AMF Tjanstepension AB grew its position in JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 343 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Wedge Capital Management L L P NC now owns 4,384 shares of the financial services provider’s stock worth $924,000 after buying an additional 61 shares during the period. Creative Planning grew its holdings in shares of JPMorgan Chase & Co. by 3.1% during the third quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after buying an additional 34,746 shares in the last quarter. Finally, von Borstel & Associates Inc. acquired a new position in JPMorgan Chase & Co. during the third quarter valued at $766,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

JPMorgan Chase & Co. stock opened at $275.41 on Thursday. The stock has a 50-day simple moving average of $251.18 and a 200 day simple moving average of $231.55. The stock has a market capitalization of $775.37 billion, a P/E ratio of 13.95, a PEG ratio of 2.94 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. has a 52 week low of $172.62 and a 52 week high of $278.55.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.05 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. 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.