WMG Financial Advisors LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

WMG Financial Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,834 shares of the financial services provider’s stock after buying an additional 146 shares during the quarter. WMG Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $679,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its holdings in JPMorgan Chase & Co. by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 636,912 shares of the financial services provider’s stock valued at $152,674,000 after buying an additional 20,088 shares during the period. Global Strategic Investment Solutions LLC grew its holdings in JPMorgan Chase & Co. by 11.7% in the fourth quarter. Global Strategic Investment Solutions LLC now owns 2,881 shares of the financial services provider’s stock worth $691,000 after purchasing an additional 302 shares during the last quarter. Unified Investment Management purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $1,614,000. Bravias Capital Group LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $1,025,000. Finally, ACR Alpine Capital Research LLC grew its holdings in JPMorgan Chase & Co. by 30.0% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,296,290 shares of the financial services provider’s stock worth $310,734,000 after purchasing an additional 299,348 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JPM shares. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.6 %

NYSE JPM opened at $224.32 on Friday. The company has a market capitalization of $627.21 billion, a PE ratio of 11.36, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a fifty day moving average of $258.50 and a 200 day moving average of $238.60. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during 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 quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.04 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

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.