JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,793 shares of the financial services provider’s stock after acquiring an additional 851 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.5% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its 19th biggest holding. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Chase & Co. were worth $5,943,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Continuum Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 18.8% in the 4th quarter. Continuum Wealth Advisors LLC now owns 1,535 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 243 shares during the period. Twin Peaks Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 2,360 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 236 shares during the period. TruNorth Capital Management LLC grew its position in JPMorgan Chase & Co. by 22.1% during the 4th quarter. TruNorth Capital Management LLC now owns 812 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 147 shares during the period. EdgeRock Capital LLC grew its position in JPMorgan Chase & Co. by 11.0% during the 4th quarter. EdgeRock Capital LLC now owns 3,306 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 327 shares during the period. Finally, Sierra Capital LLC grew its position in JPMorgan Chase & Co. by 3.7% during the 4th quarter. Sierra Capital LLC now owns 3,598 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 127 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 1.7 %

Shares of JPMorgan Chase & Co. stock opened at $242.41 on Friday. The firm has a market capitalization of $677.81 billion, a PE ratio of 12.28, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The firm’s 50-day moving average price is $259.41 and its 200 day moving average price is $238.26. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $3.04 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JPM. 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 research report on Friday, November 15th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $215.00 to $220.00 in a research report on Friday. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research 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 research report on Thursday, January 16th. Finally, 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 research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $252.89.

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.