JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Councilmark Asset Management LLC

Councilmark Asset Management LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 5,293 shares of the financial services provider’s stock after acquiring an additional 51 shares during the quarter. Councilmark Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,269,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JPM. Principal Financial Group Inc. increased its stake in JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after purchasing an additional 182,648 shares during the period. United Bank boosted its stake in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after purchasing an additional 614 shares during the period. GenTrust LLC grew its holdings in shares of JPMorgan Chase & Co. by 75.6% in the third quarter. GenTrust LLC now owns 6,669 shares of the financial services provider’s stock valued at $1,406,000 after purchasing an additional 2,871 shares in the last quarter. Nicolet Advisory Services LLC increased its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 65,417 shares of the financial services provider’s stock worth $13,426,000 after buying an additional 444 shares during the period. Finally, Certified Advisory Corp increased its stake in JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Certified Advisory Corp now owns 23,012 shares of the financial services provider’s stock worth $4,852,000 after buying an additional 234 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $250.99 on Thursday. The company has a market capitalization of $701.79 billion, a PE ratio of 12.71, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The stock’s 50 day moving average price is $257.99 and its 200 day moving average price is $240.06. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,848 shares of company stock valued at $19,987,908. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several research reports. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

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.