BayBridge Capital Group LLC Buys Shares of 6,486 JPMorgan Chase & Co. (NYSE:JPM)

BayBridge Capital Group LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,486 shares of the financial services provider’s stock, valued at approximately $1,096,000. JPMorgan Chase & Co. accounts for 1.0% of BayBridge Capital Group LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also modified their holdings of the business. TCW Group Inc. increased its holdings in JPMorgan Chase & Co. by 4.6% in the 4th quarter. TCW Group Inc. now owns 490,714 shares of the financial services provider’s stock valued at $83,480,000 after purchasing an additional 21,417 shares during the last quarter. SageView Advisory Group LLC boosted its position in shares of JPMorgan Chase & Co. by 30.6% during the fourth quarter. SageView Advisory Group LLC now owns 42,994 shares of the financial services provider’s stock worth $7,579,000 after buying an additional 10,084 shares during the period. BlackDiamond Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 12.8% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 11,348 shares of the financial services provider’s stock valued at $1,980,000 after buying an additional 1,288 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,167 shares of the financial services provider’s stock valued at $879,000 after buying an additional 500 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $1,208,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $3.79 during mid-day trading on Friday, hitting $200.71. 7,356,233 shares of the stock were exchanged, compared to its average volume of 8,712,340. The stock’s fifty day simple moving average is $194.71 and its two-hundred day simple moving average is $178.05. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. JPMorgan Chase & Co. has a 12-month low of $134.40 and a 12-month high of $205.88. The stock has a market capitalization of $576.37 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 2.66 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. On average, analysts forecast that JPMorgan Chase & Co. will post 16.32 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.29%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JPM. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $194.10.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at approximately $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of 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 SEC, which can be accessed through this link. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the sale, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock worth $46,713,667 in the last 90 days. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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.