Hemington Wealth Management Has $1.79 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Hemington Wealth Management raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,518 shares of the financial services provider’s stock after buying an additional 1,285 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.7% of Hemington Wealth Management’s investment portfolio, making the stock its 26th largest position. Hemington Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,789,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Rainsberger Wealth Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Rainsberger Wealth Advisors Inc. now owns 10,570 shares of the financial services provider’s stock valued at $1,798,000 after buying an additional 110 shares during the period. Optas LLC lifted its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Optas LLC now owns 11,392 shares of the financial services provider’s stock worth $1,938,000 after acquiring an additional 79 shares during the period. Segment Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.0% during the 4th quarter. Segment Wealth Management LLC now owns 15,160 shares of the financial services provider’s stock worth $2,579,000 after purchasing an additional 1,624 shares in the last quarter. Moody Aldrich Partners LLC increased its position in shares of JPMorgan Chase & Co. by 7.1% during the fourth quarter. Moody Aldrich Partners LLC now owns 2,828 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 187 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 27.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 281,021 shares of the financial services provider’s stock valued at $47,802,000 after purchasing an additional 59,679 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last 90 days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

JPM opened at $182.90 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The stock has a market capitalization of $525.31 billion, a PE ratio of 11.04, a PEG ratio of 2.32 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $188.28 and a two-hundred day moving average price of $168.17.

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 for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period in the prior year, the business earned $3.57 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 15.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Piper Sandler dropped their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday. BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday. Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.56.

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.