Sandy Cove Advisors LLC Purchases 740 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sandy Cove Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 7,843 shares of the financial services provider’s stock after purchasing an additional 740 shares during the quarter. JPMorgan Chase & Co. accounts for 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Macroview Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $40,000. FSC Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $58,000. Finally, Robbins Farley increased its holdings in shares of JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 96 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Barclays lifted their target price on shares of 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, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.63.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $5,741,857.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,303 shares of company stock valued at $155,107,447. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.9 %

Shares of NYSE:JPM opened at $199.52 on Thursday. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $574.69 billion, a PE ratio of 12.30, a PEG ratio of 2.46 and a beta of 1.14. The company has a 50 day moving average price of $181.58 and a two-hundred day moving average price of $163.37.

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

JPMorgan Chase & Co. Increases Dividend

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

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.