G2 Capital Management LLC OH Acquires Shares of 1,246 JPMorgan Chase & Co. (NYSE:JPM)

G2 Capital Management LLC OH bought a new position in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, Holdings Channel reports. The fund bought 1,246 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other hedge funds also recently made changes to their positions in the company. Fusion Family Wealth LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $213,000. Cook Wealth Management Group LLC boosted its position in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. Cook Wealth Management Group LLC now owns 3,300 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 77 shares during the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.7% in the fourth quarter. Cornerstone Wealth Group LLC now owns 45,267 shares of the financial services provider’s stock valued at $7,700,000 after purchasing an additional 1,184 shares in the last quarter. Cassia Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.7% in the fourth quarter. Cassia Capital Partners LLC now owns 4,069 shares of the financial services provider’s stock valued at $692,000 after purchasing an additional 183 shares in the last quarter. Finally, Braun Bostich & Associates Inc. purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $503,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $181.14 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market capitalization of $520.25 billion, a PE ratio of 10.94, a P/E/G ratio of 2.27 and a beta of 1.15. The company has a 50 day moving average price of $188.61 and a 200-day moving average price of $168.59. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.54%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on 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 lowered their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insiders Place Their Bets

In other news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

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.