Legacy Financial Strategies LLC Purchases 153 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Legacy Financial Strategies LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,545 shares of the financial services provider’s stock after purchasing an additional 153 shares during the period. Legacy Financial Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $851,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Washburn Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 29.0% during the 4th quarter. Washburn Capital Management Inc. now owns 2,155 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 485 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in JPMorgan Chase & Co. by 7.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,919 shares of the financial services provider’s stock valued at $1,419,000 after acquiring an additional 435 shares in the last quarter. Kestra Private Wealth Services LLC lifted its stake in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 304,470 shares of the financial services provider’s stock valued at $72,985,000 after acquiring an additional 6,741 shares in the last quarter. Stephens Inc. AR lifted its stake in JPMorgan Chase & Co. by 3.0% during the 4th quarter. Stephens Inc. AR now owns 378,560 shares of the financial services provider’s stock valued at $90,745,000 after acquiring an additional 11,130 shares in the last quarter. Finally, Visionary Horizons LLC lifted its stake in JPMorgan Chase & Co. by 7.0% during the 4th quarter. Visionary Horizons LLC now owns 3,254 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 213 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $276.61 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $176.15 and a 12-month high of $279.23. The company has a market cap of $778.74 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 2.94 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $253.02 and its 200-day moving average price is $232.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group raised their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.