Abel Hall LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Abel Hall LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,330 shares of the financial services provider’s stock, valued at approximately $566,000.

Other hedge funds have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 6.6% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 1,521 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 94 shares during the period. Counterweight Ventures LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $2,190,000. Syon Capital LLC lifted its position in JPMorgan Chase & Co. by 14.1% during the fourth quarter. Syon Capital LLC now owns 28,527 shares of the financial services provider’s stock valued at $4,852,000 after purchasing an additional 3,517 shares during the period. Great Oak Capital Partners LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $781,000. Finally, Virtu Financial LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $817,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 254,485 shares of company stock worth $47,728,528 over the last 90 days. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $0.12 during trading on Friday, hitting $193.78. 6,874,029 shares of the company’s stock traded hands, compared to its average volume of 8,653,904. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day simple moving average of $194.90 and a 200 day simple moving average of $183.26. The stock has a market capitalization of $556.47 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.61 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

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.