JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 26.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,157 shares of the financial services provider’s stock after acquiring an additional 2,745 shares during the period. JPMorgan Chase & Co. comprises 0.2% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 10th largest holding. Hartford Funds Management Co LLC’s holdings in JPMorgan Chase & Co. were worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. St. Louis Trust Co raised its stake in shares of JPMorgan Chase & Co. by 1.3% in the fourth quarter. St. Louis Trust Co now owns 19,290 shares of the financial services provider’s stock valued at $3,281,000 after purchasing an additional 250 shares in the last quarter. Savant Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 5.3% in the fourth quarter. Savant Capital LLC now owns 122,977 shares of the financial services provider’s stock valued at $20,918,000 after purchasing an additional 6,200 shares in the last quarter. Bridgewater Advisors Inc. raised its stake in shares of JPMorgan Chase & Co. by 3.0% in the fourth quarter. Bridgewater Advisors Inc. now owns 37,625 shares of the financial services provider’s stock valued at $6,400,000 after purchasing an additional 1,091 shares in the last quarter. Brighton Jones LLC grew its position in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Brighton Jones LLC now owns 40,649 shares of the financial services provider’s stock valued at $6,914,000 after acquiring an additional 5,430 shares during the period. Finally, Jackson Creek Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 29.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,532 shares of the financial services provider’s stock valued at $941,000 after acquiring an additional 1,249 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the 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 transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the 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 transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $602,872.00. Following the completion of the transaction, the insider now directly owns 202,093 shares in the company, valued at approximately $36,174,647. The disclosure for this sale can be found here. Insiders have sold 1,042,525 shares of company stock valued at $190,961,526 over the last 90 days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of JPM opened at $191.96 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $133.13 and a 12-month high of $200.94. The firm has a market capitalization of $551.25 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The stock’s fifty day simple moving average is $191.58 and its 200-day simple moving average is $172.82.

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

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on JPM shares. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Piper Sandler lowered their price target on 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. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets lowered their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Finally, Oppenheimer lowered their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

About JPMorgan Chase & Co.

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.