Worth Financial Advisory Group LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Worth Financial Advisory Group LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,505 shares of the financial services provider’s stock after buying an additional 281 shares during the quarter. JPMorgan Chase & Co. makes up 2.4% of Worth Financial Advisory Group LLC’s holdings, making the stock its 10th biggest holding. Worth Financial Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macroview Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $40,000. FSC Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $58,000. Finally, Robbins Farley lifted its holdings in shares of JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 96 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.0 %

JPM opened at $198.86 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.94. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market cap of $572.79 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. The company has a fifty day moving average price of $184.05 and a two-hundred day moving average price of $164.86.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $3.57 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s payout ratio is presently 25.89%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.63.

View Our Latest Research Report on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 over the last three months. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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