JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 6,457 shares of the financial services provider’s stock after buying an additional 597 shares during the quarter. JPMorgan Chase & Co. makes up about 0.6% of Fi3 FINANCIAL ADVISORS LLC’s portfolio, making the stock its 24th largest position. Fi3 FINANCIAL ADVISORS LLC’s holdings in JPMorgan Chase & Co. were worth $1,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Collier Financial acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $45,000. Lowe Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $50,000. Finally, Legacy Investment Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale 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 on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now 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 worth $12,448,445 over the last ninety days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $241.49 on Friday. The stock has a market cap of $675.24 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $257.86 and a 200-day moving average of $239.35. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.37%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of 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. Piper Sandler increased 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. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Truist Financial increased 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, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” 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.