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

SRN Advisors LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 74.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,613 shares of the financial services provider’s stock after acquiring an additional 2,400 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of SRN Advisors LLC’s holdings, making the stock its 24th biggest holding. SRN Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JPM. James J. Burns & Company LLC increased its stake in JPMorgan Chase & Co. by 6.3% in the third quarter. James J. Burns & Company LLC now owns 7,357 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 436 shares during the last quarter. Stoneridge Investment Partners LLC grew its position in shares of JPMorgan Chase & Co. by 37.0% during the third quarter. Stoneridge Investment Partners LLC now owns 28,965 shares of the financial services provider’s stock worth $6,108,000 after acquiring an additional 7,819 shares during the last quarter. United Advisor Group LLC grew its position in shares of JPMorgan Chase & Co. by 27.7% during the third quarter. United Advisor Group LLC now owns 18,399 shares of the financial services provider’s stock worth $3,880,000 after acquiring an additional 3,992 shares during the last quarter. Clarity Financial LLC grew its position in shares of JPMorgan Chase & Co. by 967.6% during the third quarter. Clarity Financial LLC now owns 69,365 shares of the financial services provider’s stock worth $14,626,000 after acquiring an additional 62,868 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. grew its position in shares of JPMorgan Chase & Co. by 19.2% during the third quarter. W.H. Cornerstone Investments Inc. now owns 2,404 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 388 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.7 %

NYSE:JPM opened at $242.41 on Friday. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The stock has a market cap of $677.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. The business has a fifty day moving average of $259.41 and a 200-day moving average of $238.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 quarter last year, the business posted $3.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated 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 represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 over the last three months. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $252.89.

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.