Venturi Wealth Management LLC Has $4.30 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Venturi Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 96.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,934 shares of the financial services provider’s stock after purchasing an additional 8,819 shares during the period. Venturi Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its position in JPMorgan Chase & Co. by 17.2% in the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after buying an additional 343 shares in the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 12.4% in the 3rd quarter. Bay Harbor Wealth Management LLC now owns 489 shares of the financial services provider’s stock valued at $103,000 after buying an additional 54 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in JPMorgan Chase & Co. by 4.2% in the third quarter. State of Alaska Department of Revenue now owns 334,677 shares of the financial services provider’s stock worth $70,569,000 after buying an additional 13,440 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in JPMorgan Chase & Co. by 10.4% during the third quarter. J.W. Cole Advisors Inc. now owns 55,560 shares of the financial services provider’s stock valued at $11,715,000 after acquiring an additional 5,213 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $259.09 on Friday. The firm’s 50-day moving average is $258.01 and its 200-day moving average is $236.53. The company has a market cap of $724.43 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 2.83 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Wall Street Analyst Weigh In

Several research firms have commented on JPM. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Truist Financial boosted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.