JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Legacy Trust

Legacy Trust lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,504 shares of the financial services provider’s stock after buying an additional 201 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.6% of Legacy Trust’s holdings, making the stock its 14th biggest position. Legacy Trust’s holdings in JPMorgan Chase & Co. were worth $6,209,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after buying an additional 288 shares during the last quarter. Legacy Financial Group LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $58,000. Finally, Robbins Farley grew its position in JPMorgan Chase & Co. by 29.5% in the 3rd 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 last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 849,303 shares of company stock worth $155,107,447. 0.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JPM shares. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $189.11.

JPMorgan Chase & Co. Stock Down 0.9 %

JPM stock opened at $195.47 on Thursday. JPMorgan Chase & Co. has a 12 month low of $126.83 and a 12 month high of $200.94. The firm has a market cap of $563.03 billion, a PE ratio of 12.05, a P/E/G ratio of 2.51 and a beta of 1.15. The firm has a 50 day simple moving average of $187.52 and a 200 day simple moving average of $167.16. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released 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). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period in the prior year, the company earned $3.57 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.8 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 28.36%.

JPMorgan Chase & Co. Company Profile

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.