Visionary Horizons LLC Purchases New Position in JPMorgan Chase & Co. (NYSE:JPM)

Visionary Horizons LLC purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,139 shares of the financial services provider’s stock, valued at approximately $534,000.

Several other institutional investors have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its stake in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $2,455,000. LSV Asset Management lifted its stake in JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $198.48 on Tuesday. The firm’s fifty day simple moving average is $186.68 and its two-hundred day simple moving average is $166.60. The firm has a market capitalization of $571.70 billion, a P/E ratio of 12.24, a P/E/G ratio of 2.50 and a beta of 1.15. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 15.8 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared 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 of this dividend is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,303 shares of company stock valued at $155,107,447. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JPM shares. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $189.11.

About JPMorgan Chase & Co.

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.