SOA Wealth Advisors LLC. Purchases 255 Shares of JPMorgan Chase & Co. (NYSE:JPM)

SOA Wealth Advisors LLC. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,337 shares of the financial services provider’s stock after purchasing an additional 255 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of SOA Wealth Advisors LLC.’s investment portfolio, making the stock its 24th largest position. SOA Wealth Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $5,115,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Spectrum Investment Advisors Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $210,000. Generate Investment Management Ltd lifted its position in JPMorgan Chase & Co. by 25.3% in the 4th quarter. Generate Investment Management Ltd now owns 38,108 shares of the financial services provider’s stock valued at $9,135,000 after acquiring an additional 7,688 shares in the last quarter. Barrett & Company Inc. boosted its stake in JPMorgan Chase & Co. by 4.2% during the 4th quarter. Barrett & Company Inc. now owns 10,116 shares of the financial services provider’s stock valued at $2,425,000 after purchasing an additional 405 shares during the last quarter. Triasima Portfolio Management inc. increased its holdings in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 23,064 shares of the financial services provider’s stock worth $5,529,000 after purchasing an additional 776 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,085,000. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. 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 sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $232.94 on Friday. The stock has a market cap of $651.31 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The company’s 50-day moving average price is $258.29 and its two-hundred day moving average price is $238.83. 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 posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Wolfe Research upgraded 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. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Finally, Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

JPMorgan Chase & Co. Company 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.