1,250 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Fusion Family Wealth LLC

Fusion Family Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,250 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of JPM. Cook Wealth Management Group LLC increased its position in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Cook Wealth Management Group LLC now owns 3,300 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 77 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in JPMorgan Chase & Co. by 2.7% in the 4th quarter. Cornerstone Wealth Group LLC now owns 45,267 shares of the financial services provider’s stock worth $7,700,000 after purchasing an additional 1,184 shares during the period. Cassia Capital Partners LLC grew its position in JPMorgan Chase & Co. by 4.7% during the 4th quarter. Cassia Capital Partners LLC now owns 4,069 shares of the financial services provider’s stock worth $692,000 after purchasing an additional 183 shares in the last quarter. Braun Bostich & Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $503,000. Finally, Perigon Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 128,078 shares of the financial services provider’s stock valued at $21,786,000 after purchasing an additional 4,426 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.6 %

JPM stock opened at $181.14 on Friday. The stock has a market capitalization of $520.25 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15. The company has a 50-day moving average of $188.61 and a two-hundred day moving average of $168.59. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.54%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 in the last 90 days. 0.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on JPM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Piper Sandler dropped their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.05.

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.