JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by Royal Harbor Partners LLC

Royal Harbor Partners LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,823 shares of the financial services provider’s stock after buying an additional 532 shares during the period. JPMorgan Chase & Co. makes up 1.3% of Royal Harbor Partners LLC’s portfolio, making the stock its 18th biggest position. Royal Harbor Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Independent Advisor Alliance raised its holdings in JPMorgan Chase & Co. by 3.5% during the fourth quarter. Independent Advisor Alliance now owns 193,055 shares of the financial services provider’s stock worth $32,839,000 after purchasing an additional 6,571 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of JPMorgan Chase & Co. by 36.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,784,592 shares of the financial services provider’s stock worth $303,559,000 after buying an additional 477,616 shares in the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. Missouri Trust & Investment Co now owns 17,016 shares of the financial services provider’s stock valued at $2,894,000 after buying an additional 459 shares during the period. Allegheny Financial Group LTD boosted its stake in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Allegheny Financial Group LTD now owns 7,234 shares of the financial services provider’s stock valued at $1,231,000 after buying an additional 72 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $240,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday. UBS Group increased their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Up 2.0 %

JPMorgan Chase & Co. stock opened at $199.58 on Wednesday. The company has a market capitalization of $573.13 billion, a P/E ratio of 12.05, a P/E/G ratio of 2.40 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $134.40 and a 1-year high of $205.88. The firm’s fifty day simple moving average is $194.19 and its 200-day simple moving average is $177.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Sell-side analysts forecast that JPMorgan Chase & Co. will post 16.28 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,081,127 shares of company stock worth $198,695,364. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. 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.