Sandy Cove Advisors LLC Has $1.33 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Sandy Cove Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,843 shares of the financial services provider’s stock after acquiring an additional 740 shares during the period. JPMorgan Chase & Co. comprises about 0.7% of Sandy Cove Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Sandy Cove Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,334,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Macroview Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $40,000. FSC Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after buying an additional 288 shares during the last quarter. Legacy Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $58,000. Finally, Robbins Farley raised its stake in shares of JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after buying an additional 96 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.9 %

JPMorgan Chase & Co. stock opened at $199.52 on Thursday. The stock has a market capitalization of $574.69 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a 50 day moving average of $181.58 and a 200-day moving average of $163.37.

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

JPMorgan Chase & Co. Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on JPM. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

Insider Activity

In other news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 filing with the SEC, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 in the last quarter. 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.