Level Financial Advisors Inc. Has $358,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Level Financial Advisors Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,106 shares of the financial services provider’s stock after selling 88 shares during the period. Level Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $358,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JPM. Macroview Investment Management LLC lifted its position in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $40,000. FSC Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $58,000. Finally, Robbins Farley raised its position in shares of JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after buying an additional 96 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of NYSE:JPM opened at $197.45 on Friday. The company has a fifty day moving average of $186.17 and a 200-day moving average of $166.11. The company has a market capitalization of $568.73 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52-week low of $126.22 and a 52-week high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results 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). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $3.57 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 15.8 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. 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 2.33%. JPMorgan Chase & Co.’s dividend payout ratio is 28.36%.

Insider Transactions at JPMorgan Chase & Co.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Piper Sandler lifted 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 report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

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.