Sandy Cove Advisors LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sandy Cove Advisors LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,843 shares of the financial services provider’s stock after purchasing an additional 740 shares during the quarter. JPMorgan Chase & Co. accounts for 0.7% of Sandy Cove Advisors LLC’s portfolio, making the stock its 25th largest position. Sandy Cove Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,334,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Macroview Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. during the third quarter worth approximately $40,000. FSC Wealth Advisors LLC boosted its position in 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 in the last quarter. Legacy Financial Group LLC purchased a new position in JPMorgan Chase & Co. during the third quarter worth approximately $58,000. Finally, Robbins Farley boosted its position in JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.9 %

NYSE:JPM opened at $199.52 on Thursday. The firm has a market cap of $574.69 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14. The stock has a fifty day moving average price of $181.58 and a 200 day moving average price of $163.37. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48. 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 released its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $3.57 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.36%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Insiders 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 recent analyst reports. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Bank of America raised their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Piper Sandler raised their target price on 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, BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $181.63.

JPMorgan Chase & Co. Company Profile

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.