JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Guardian Asset Advisors LLC

Guardian Asset Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,828 shares of the financial services provider’s stock after purchasing an additional 167 shares during the quarter. Guardian Asset Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,159,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in JPM. Intelligence Driven Advisers LLC grew its holdings in JPMorgan Chase & Co. by 2.2% during the 4th quarter. Intelligence Driven Advisers LLC now owns 2,896 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 63 shares in the last quarter. Financial Guidance Group Inc. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $214,000. Investment Partners Asset Management Inc. increased its stake in JPMorgan Chase & Co. by 11.5% in the 4th quarter. Investment Partners Asset Management Inc. now owns 5,538 shares of the financial services provider’s stock valued at $1,328,000 after buying an additional 572 shares during the period. MGB Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 4.7% in the 4th quarter. MGB Wealth Management LLC now owns 11,368 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 507 shares in the last quarter. Finally, Beckerman Institutional LLC boosted its stake in shares of JPMorgan Chase & Co. by 120.5% in the fourth quarter. Beckerman Institutional LLC now owns 2,584 shares of the financial services provider’s stock valued at $619,000 after buying an additional 1,412 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. UBS Group increased their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Piper Sandler raised their price objective 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Down 1.0 %

NYSE:JPM opened at $264.14 on Friday. The stock’s fifty day moving average price is $256.12 and its two-hundred day moving average price is $235.20. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $738.56 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 2.83 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

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.