JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,598 shares of the financial services provider’s stock after acquiring an additional 970 shares during the period. Colton Groome Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Echo45 Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 21.4% in the 4th quarter. Echo45 Advisors LLC now owns 2,129 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 376 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 30.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 30,326 shares of the financial services provider’s stock valued at $5,158,000 after acquiring an additional 7,008 shares in the last quarter. Western Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Western Wealth Management LLC now owns 50,931 shares of the financial services provider’s stock valued at $8,663,000 after acquiring an additional 736 shares in the last quarter. Obermeyer Wood Investment Counsel Lllp increased its holdings in JPMorgan Chase & Co. by 2.1% during the 4th quarter. Obermeyer Wood Investment Counsel Lllp now owns 18,958 shares of the financial services provider’s stock valued at $3,225,000 after acquiring an additional 387 shares in the last quarter. Finally, Xponance Inc. boosted its stake in shares of JPMorgan Chase & Co. by 9.9% during the 4th quarter. Xponance Inc. now owns 421,076 shares of the financial services provider’s stock worth $71,625,000 after purchasing an additional 37,990 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, 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 value of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The sale was disclosed in a document filed with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’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 completion of the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the company’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 sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on JPM. Piper Sandler decreased their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of NYSE JPM opened at $193.28 on Friday. The stock has a market cap of $555.12 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.42 and a beta of 1.15. The business has a 50 day simple moving average of $190.07 and a 200 day simple moving average of $170.23. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 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.

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 paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. 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.