Stephens Inc. AR Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stephens Inc. AR raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,560 shares of the financial services provider’s stock after buying an additional 11,130 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Stephens Inc. AR’s investment portfolio, making the stock its 13th largest holding. Stephens Inc. AR’s holdings in JPMorgan Chase & Co. were worth $90,745,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in shares of 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 valued at $99,972,000 after acquiring an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 11.5% during the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 343 shares in the last quarter. IFG Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 3.4% during the third quarter. IFG Advisors LLC now owns 8,074 shares of the financial services provider’s stock worth $1,702,000 after buying an additional 266 shares during the period. Blue Trust Inc. increased its stake in shares of JPMorgan Chase & Co. by 53.7% during the third quarter. Blue Trust Inc. now owns 51,818 shares of the financial services provider’s stock worth $10,481,000 after buying an additional 18,108 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. increased its stake in JPMorgan Chase & Co. by 5.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 144,932 shares of the financial services provider’s stock valued at $30,560,000 after purchasing an additional 7,472 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $276.61 on Tuesday. The business has a 50 day moving average price of $253.02 and a 200 day moving average price of $232.89. JPMorgan Chase & Co. has a twelve month low of $176.15 and a twelve 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 quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the company earned $3.04 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial increased their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company increased their price target 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 equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.