ERn Financial LLC Has $1.65 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

ERn Financial LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,869 shares of the financial services provider’s stock after buying an additional 323 shares during the quarter. ERn Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BluePath Capital Management LLC lifted its position in JPMorgan Chase & Co. by 13.8% during the 4th quarter. BluePath Capital Management LLC now owns 6,498 shares of the financial services provider’s stock worth $1,587,000 after buying an additional 786 shares in the last quarter. Websterrogers Financial Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $275,000. Roble Belko & Company Inc grew its stake in shares of JPMorgan Chase & Co. by 28.0% during the fourth quarter. Roble Belko & Company Inc now owns 2,286 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 500 shares during the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 13.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 4,644 shares of the financial services provider’s stock valued at $1,113,000 after purchasing an additional 549 shares in the last quarter. Finally, Rockingstone Advisors LLC raised its position in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Rockingstone Advisors LLC now owns 14,447 shares of the financial services provider’s stock worth $3,463,000 after purchasing an additional 183 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JPM shares. Barclays lifted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Bank of America increased their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $259.46 on Friday. The firm has a market cap of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $165.24 and a twelve month high of $260.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50 day moving average price is $243.06 and its two-hundred day moving average price is $223.93.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

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.