JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by West Branch Capital LLC

West Branch Capital LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,183 shares of the financial services provider’s stock after purchasing an additional 936 shares during the quarter. JPMorgan Chase & Co. makes up about 2.4% of West Branch Capital LLC’s portfolio, making the stock its 9th largest holding. West Branch Capital LLC’s holdings in JPMorgan Chase & Co. were worth $5,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 3.2% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 9,473 shares of the financial services provider’s stock valued at $1,611,000 after acquiring an additional 294 shares during the period. Meridian Financial Partners LLC increased its position in JPMorgan Chase & Co. by 5.9% in the 4th quarter. Meridian Financial Partners LLC now owns 9,782 shares of the financial services provider’s stock valued at $1,638,000 after acquiring an additional 543 shares during the period. New Potomac Partners LLC increased its position in JPMorgan Chase & Co. by 8.9% in the 4th quarter. New Potomac Partners LLC now owns 19,048 shares of the financial services provider’s stock valued at $3,240,000 after acquiring an additional 1,556 shares during the period. Next Capital Management LLC increased its position in JPMorgan Chase & Co. by 2.0% in the 4th quarter. Next Capital Management LLC now owns 15,115 shares of the financial services provider’s stock valued at $2,571,000 after acquiring an additional 298 shares during the period. Finally, Activest Wealth Management increased its position in JPMorgan Chase & Co. by 1,111.1% in the 4th quarter. Activest Wealth Management now owns 436 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 400 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock worth $155,107,447 over the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.0 %

JPMorgan Chase & Co. stock opened at $198.86 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.94. The firm has a market capitalization of $572.79 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. The firm’s fifty day moving average price is $184.05 and its two-hundred day moving average price is $164.86. 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:JPMGet Free Report) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period last year, the business posted $3.57 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JPM shares. Bank of America upped their price target on shares of 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 upped their price objective on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $181.63.

Get Our Latest Analysis on JPM

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

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

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