1,360 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by D. Scott Neal Inc.

D. Scott Neal Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,360 shares of the financial services provider’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. State Street Corp raised its stake in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after buying an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares during the last quarter. FMR LLC raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. Piper Sandler raised their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Barclays raised their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Oppenheimer dropped their target price on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.63.

JPMorgan Chase & Co. Trading Up 1.9 %

JPM opened at $199.52 on Thursday. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.48. The stock has a market capitalization of $574.69 billion, a PE ratio of 12.30, a P/E/G ratio of 2.46 and a beta of 1.14. The business’s 50 day moving average price is $181.58 and its 200 day moving average price is $163.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter last year, the company earned $3.57 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 15.84 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.36%.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,303 shares of company stock worth $155,107,447. Corporate insiders own 0.79% of the company’s stock.

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.