Hexagon Capital Partners LLC Buys 743 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hexagon Capital Partners LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,801 shares of the financial services provider’s stock after purchasing an additional 743 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 0.3% of Hexagon Capital Partners LLC’s investment portfolio, making the stock its 29th largest holding. Hexagon Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JPM. Accurate Wealth Management LLC raised its position in JPMorgan Chase & Co. by 5.3% during the third quarter. Accurate Wealth Management LLC now owns 25,891 shares of the financial services provider’s stock valued at $3,820,000 after purchasing an additional 1,314 shares in the last quarter. Balboa Wealth Partners raised its position in JPMorgan Chase & Co. by 4.6% during the third quarter. Balboa Wealth Partners now owns 7,494 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 331 shares in the last quarter. Vicus Capital raised its position in JPMorgan Chase & Co. by 22.0% during the third quarter. Vicus Capital now owns 11,906 shares of the financial services provider’s stock valued at $1,727,000 after purchasing an additional 2,150 shares in the last quarter. Callahan Advisors LLC raised its position in JPMorgan Chase & Co. by 0.3% during the third quarter. Callahan Advisors LLC now owns 137,560 shares of the financial services provider’s stock valued at $19,949,000 after purchasing an additional 362 shares in the last quarter. Finally, Aua Capital Management LLC raised its position in JPMorgan Chase & Co. by 13.5% during the third quarter. Aua Capital Management LLC now owns 4,898 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 581 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on JPM. Wells Fargo & Company boosted 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. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Piper Sandler lowered 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 report on Monday, April 15th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, UBS Group lowered their price target 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. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $191.96 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The firm’s fifty day simple moving average is $191.58 and its two-hundred day simple moving average is $172.82. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts predict that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. 0.79% of the stock is currently owned by insiders.

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.