JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lifted by Slagle Financial LLC

Slagle Financial LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,443 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the quarter. JPMorgan Chase & Co. makes up 2.3% of Slagle Financial LLC’s investment portfolio, making the stock its 8th largest holding. Slagle Financial LLC’s holdings in JPMorgan Chase & Co. were worth $5,140,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. denkapparat Operations GmbH purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $1,342,000. Premier Fund Managers Ltd increased its stake in shares of JPMorgan Chase & Co. by 27.6% during the 4th quarter. Premier Fund Managers Ltd now owns 118,307 shares of the financial services provider’s stock worth $28,323,000 after purchasing an additional 25,592 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of JPMorgan Chase & Co. by 3.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,210,220 shares of the financial services provider’s stock worth $290,102,000 after purchasing an additional 35,622 shares during the period. Broadway Wealth Solutions Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $598,000. Finally, New Age Alpha Advisors LLC grew its holdings in JPMorgan Chase & Co. by 81,509.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 104,460 shares of the financial services provider’s stock valued at $25,040,000 after purchasing an additional 104,332 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 in the last quarter. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $243.58 on Wednesday. The firm has a 50 day simple moving average of $256.88 and a two-hundred day simple moving average of $241.33. The stock has a market cap of $681.06 billion, a PE ratio of 12.34, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.83.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.