Heritage Investment Group Inc. Has $1.25 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Heritage Investment Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,108 shares of the financial services provider’s stock after buying an additional 381 shares during the quarter. Heritage Investment Group Inc.’s holdings in JPMorgan Chase & Co. were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Oceanside Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.5% during the first quarter. Oceanside Advisors LLC now owns 2,245 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 75 shares during the period. Alta Advisers Ltd boosted its holdings in shares of JPMorgan Chase & Co. by 55.8% during the first quarter. Alta Advisers Ltd now owns 14,524 shares of the financial services provider’s stock worth $3,563,000 after acquiring an additional 5,200 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7.6% during the first quarter. Benchmark Financial Wealth Advisors LLC now owns 4,138 shares of the financial services provider’s stock worth $1,015,000 after acquiring an additional 292 shares during the period. Saxon Interests Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 32.0% during the first quarter. Saxon Interests Inc. now owns 13,801 shares of the financial services provider’s stock worth $3,385,000 after acquiring an additional 3,345 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth approximately $235,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.4%

NYSE JPM opened at $296.13 on Monday. The business has a fifty day moving average price of $266.97 and a two-hundred day moving average price of $254.88. The stock has a market capitalization of $822.96 billion, a PE ratio of 14.54, a PEG ratio of 2.75 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $296.40.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 1.89%. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the completion of the sale, the director directly owned 91,539 shares in the company, valued at $22,884,750. This represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the sale, the chief operating officer owned 62,455 shares of the company’s stock, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock valued at $18,060,015. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial boosted their price target on JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a “hold” rating in a research note on Monday, June 2nd. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. UBS Group boosted their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Bank of America boosted their price target on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $277.74.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.