Grimes & Company Inc. Buys 244 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Grimes & Company Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,673 shares of the financial services provider’s stock after acquiring an additional 244 shares during the quarter. Grimes & Company Inc.’s holdings in JPMorgan Chase & Co. were worth $6,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Meridian Financial Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock valued at $651,000 after buying an additional 76 shares during the period. Signet Financial Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.7% during the fourth quarter. Signet Financial Management LLC now owns 4,678 shares of the financial services provider’s stock valued at $652,000 after buying an additional 78 shares during the period. Corundum Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock valued at $500,000 after buying an additional 79 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock valued at $2,852,000 after buying an additional 84 shares during the period. Finally, Eukles Asset Management boosted its position in shares of JPMorgan Chase & Co. by 36.5% during the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after buying an additional 85 shares during the period. 72.11% of the stock is currently owned by institutional investors.

Shares of NYSE JPM opened at $137.46 on Friday. The stock has a 50 day moving average price of $136.79 and a 200 day moving average price of $125.16. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92. The firm has a market capitalization of $432.46 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 2.57 and a beta of 1.19. JPMorgan Chase & Co. has a 52-week low of $98.09 and a 52-week high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.25. The company had revenue of $28.30 billion during the quarter, compared to analyst estimates of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. JPMorgan Chase & Co.’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 10.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.62%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

A number of brokerages recently issued reports on JPM. Citigroup boosted their price target on JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Edward Jones reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 15th. ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, Piper Sandler boosted their price target on JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $135.29.

In other JPMorgan Chase & Co. news, insider Nicole Giles sold 3,015 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $137.10, for a total transaction of $413,356.50. Following the completion of the sale, the insider now owns 10,607 shares in the company, valued at $1,454,219.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Daniel E. Pinto sold 15,212 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total value of $2,064,572.64. Following the sale, the chief executive officer now owns 458,209 shares of the company’s stock, valued at approximately $62,188,125.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,814 shares of company stock valued at $17,318,144. 0.76% of the stock is owned by company insiders.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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