FAS Wealth Partners Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

FAS Wealth Partners Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,709 shares of the financial services provider’s stock after purchasing an additional 3,724 shares during the period. FAS Wealth Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $5,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Black Swift Group LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $3,115,000. My Personal CFO LLC raised its stake in JPMorgan Chase & Co. by 4.0% during the fourth quarter. My Personal CFO LLC now owns 2,999 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 116 shares during the period. Bell Bank raised its stake in JPMorgan Chase & Co. by 3.9% during the fourth quarter. Bell Bank now owns 16,192 shares of the financial services provider’s stock worth $2,754,000 after purchasing an additional 602 shares during the period. Insight Inv LLC raised its stake in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Insight Inv LLC now owns 14,046 shares of the financial services provider’s stock worth $2,389,000 after purchasing an additional 75 shares during the period. Finally, Princeton Global Asset Management LLC raised its stake in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Princeton Global Asset Management LLC now owns 60,513 shares of the financial services provider’s stock worth $10,293,000 after purchasing an additional 535 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight equities research 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, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $197.45 on Friday. The stock has a market cap of $568.73 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 2.48 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.94. The company’s 50-day moving average price is $186.17 and its 200 day moving average price is $166.11. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 15.8 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.33%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

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.