Total Investment Management Inc. Acquires 203 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Total Investment Management Inc. lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,923 shares of the financial services provider’s stock after buying an additional 203 shares during the period. Total Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $940,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JPM. Americana Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 544.0% during the 4th quarter. Americana Partners LLC now owns 197,031 shares of the financial services provider’s stock worth $47,230,000 after buying an additional 166,436 shares during the last quarter. Capital Performance Advisors LLP raised its holdings in shares of JPMorgan Chase & Co. by 15.4% in the 4th quarter. Capital Performance Advisors LLP now owns 2,997 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 399 shares during the period. Strategic Advisors LLC raised its holdings in JPMorgan Chase & Co. by 6.8% in the 4th quarter. Strategic Advisors LLC now owns 42,845 shares of the financial services provider’s stock valued at $10,270,000 after acquiring an additional 2,714 shares during the period. Pure Portfolios Holdings LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $229,000. Finally, Hoge Financial Services LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $225,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

NYSE:JPM opened at $258.70 on Thursday. The firm has a 50-day simple moving average of $257.49 and a two-hundred day simple moving average of $236.37. 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 firm has a market cap of $723.36 billion, a P/E ratio of 13.11, a P/E/G ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate 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 revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JPM. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 over the last quarter. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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.