HBK Sorce Advisory LLC Acquires 2,217 Shares of JPMorgan Chase & Co. (NYSE:JPM)

HBK Sorce Advisory LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,193 shares of the financial services provider’s stock after purchasing an additional 2,217 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of HBK Sorce Advisory LLC’s portfolio, making the stock its 12th largest position. HBK Sorce Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $30,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Penobscot Wealth Management raised its stake in shares of JPMorgan Chase & Co. by 3.2% during the fourth quarter. Penobscot Wealth Management now owns 1,422 shares of the financial services provider’s stock worth $341,000 after buying an additional 44 shares during the last quarter. Bowen Hanes & Co. Inc. raised its holdings in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Bowen Hanes & Co. Inc. now owns 264,210 shares of the financial services provider’s stock worth $63,334,000 after purchasing an additional 3,553 shares during the period. Achmea Investment Management B.V. raised its position in shares of JPMorgan Chase & Co. by 8.6% during the fourth quarter. Achmea Investment Management B.V. now owns 305,687 shares of the financial services provider’s stock worth $73,276,000 after purchasing an additional 24,207 shares during the period. Mascoma Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 7.4% during the fourth quarter. Mascoma Wealth Management LLC now owns 2,280 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 157 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of JPMorgan Chase & Co. by 56.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 367,825 shares of the financial services provider’s stock worth $88,171,000 after purchasing an additional 133,139 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.0 %

JPM opened at $241.49 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average of $257.86 and a 200-day moving average of $239.22. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a market cap of $675.24 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the business posted $3.04 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JPM shares. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,326 shares of company stock valued at $12,448,445. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.