Allen Capital Group LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Allen Capital Group LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 37,807 shares of the financial services provider’s stock after buying an additional 615 shares during the period. JPMorgan Chase & Co. accounts for 1.0% of Allen Capital Group LLC’s holdings, making the stock its 22nd biggest holding. Allen Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $6,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Citizens Financial Corp grew its stake in JPMorgan Chase & Co. by 6.0% in the 3rd quarter. First Citizens Financial Corp now owns 10,756 shares of the financial services provider’s stock valued at $1,560,000 after acquiring an additional 609 shares during the last quarter. Global Strategic Investment Solutions LLC lifted its holdings in JPMorgan Chase & Co. by 13.6% in the 3rd quarter. Global Strategic Investment Solutions LLC now owns 2,052 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 245 shares in the last quarter. TI Trust Inc. lifted its holdings in JPMorgan Chase & Co. by 1.4% in the 3rd quarter. TI Trust Inc. now owns 8,788 shares of the financial services provider’s stock valued at $1,274,000 after purchasing an additional 118 shares in the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. OneAscent Financial Services LLC now owns 6,388 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 75 shares during the period. Finally, Strategic Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.1% during the 3rd quarter. Strategic Advisors LLC now owns 43,914 shares of the financial services provider’s stock worth $6,368,000 after acquiring an additional 1,720 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $192.11 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm’s 50-day simple moving average is $189.46 and its 200 day simple moving average is $169.90. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market cap of $551.76 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This is a boost 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 2.39%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. 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 transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JPM has been the topic of several recent analyst reports. BMO Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Piper Sandler decreased 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, April 15th. Keefe, Bruyette & Woods raised 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 report on Friday, April 5th. Finally, Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

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.