Garrett Wealth Advisory Group LLC Has $786,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Garrett Wealth Advisory Group LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,280 shares of the financial services provider’s stock after purchasing an additional 585 shares during the period. Garrett Wealth Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JPM. Principal Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares during the last quarter. Capital Performance Advisors LLP boosted its stake in shares of JPMorgan Chase & Co. by 33.4% in the 3rd quarter. Capital Performance Advisors LLP now owns 2,598 shares of the financial services provider’s stock worth $548,000 after buying an additional 650 shares during the last quarter. SFG Wealth Management LLC. boosted its stake in shares of JPMorgan Chase & Co. by 6.8% in the 3rd quarter. SFG Wealth Management LLC. now owns 2,782 shares of the financial services provider’s stock worth $587,000 after buying an additional 178 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of JPMorgan Chase & Co. by 34.4% in the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,844 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 1,241 shares during the last quarter. Finally, Hollencrest Capital Management boosted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Hollencrest Capital Management now owns 71,675 shares of the financial services provider’s stock worth $15,113,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JPM. Truist Financial boosted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Barclays upped their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, UBS Group upped their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Trading Down 0.5 %

Shares of JPM stock opened at $227.89 on Thursday. The stock has a market capitalization of $637.22 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company’s fifty day simple moving average is $258.81 and its two-hundred day simple moving average is $238.70. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

About JPMorgan Chase & Co.

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.