Beam Wealth Advisors Inc. Has $390,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Beam Wealth Advisors Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,294 shares of the financial services provider’s stock after selling 66 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JPM. Rakuten Securities Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $44,000. Sfmg LLC increased its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Sfmg LLC now owns 15,235 shares of the financial services provider’s stock valued at $2,591,000 after buying an additional 237 shares in the last quarter. Scissortail Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 123.2% in the fourth quarter. Scissortail Wealth Management LLC now owns 63,455 shares of the financial services provider’s stock worth $10,961,000 after acquiring an additional 35,027 shares in the last quarter. Safeguard Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 29.5% during the fourth quarter. Safeguard Financial LLC now owns 2,145 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 488 shares in the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $4,213,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Piper Sandler reduced their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $193.08 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. 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 stock has a market cap of $554.54 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. The firm’s fifty day moving average price is $189.80 and its 200-day moving average price is $170.07.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.38%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 in the company, valued at approximately $8,045,325.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction 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 directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate 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.