Masso Torrence Wealth Management Inc. Acquires 180 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Masso Torrence Wealth Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,221 shares of the financial services provider’s stock after purchasing an additional 180 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 26th largest position. Masso Torrence Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,568,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Community Bank & Trust Waco Texas increased its holdings in shares of JPMorgan Chase & Co. by 2.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 47,301 shares of the financial services provider’s stock worth $8,046,000 after purchasing an additional 948 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of JPMorgan Chase & Co. by 34.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 27,919 shares of the financial services provider’s stock worth $4,749,000 after purchasing an additional 7,211 shares during the period. SlateStone Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 7.3% during the fourth quarter. SlateStone Wealth LLC now owns 43,847 shares of the financial services provider’s stock worth $7,458,000 after purchasing an additional 2,986 shares during the period. Monument Group Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $296,000. Finally, Roble Belko & Company Inc increased its holdings in shares of JPMorgan Chase & Co. by 55.7% during the fourth quarter. Roble Belko & Company Inc now owns 2,342 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 838 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $193.30 on Tuesday. The firm has a market cap of $555.17 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The firm’s fifty day moving average is $190.64 and its 200-day moving average is $171.25. 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. has a 52 week low of $131.81 and a 52 week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. 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. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $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 quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Piper Sandler decreased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $192.05.

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.