Blue Bell Private Wealth Management LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Blue Bell Private Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,952 shares of the financial services provider’s stock after buying an additional 251 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Moneta Group Investment Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $3,894,646,000. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $1,017,893,000. Finally, Wellington Management Group LLP grew its holdings in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock worth $155,107,447 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on JPM shares. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.11.

JPMorgan Chase & Co. Trading Down 6.5 %

Shares of JPMorgan Chase & Co. stock opened at $182.79 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $126.83 and a 1 year high of $200.94. The company has a market capitalization of $524.99 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.48 and a beta of 1.15. The business has a 50 day moving average price of $188.11 and a 200 day moving average price of $167.77.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the prior year, the firm earned $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 28.36%.

JPMorgan Chase & Co. Company 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.