Tectonic Advisors LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tectonic Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,206 shares of the financial services provider’s stock after purchasing an additional 334 shares during the quarter. Tectonic Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $885,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.7% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 10,964 shares of the financial services provider’s stock valued at $1,865,000 after acquiring an additional 1,057 shares during the last quarter. Vision Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,100,000. Silverberg Bernstein Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $246,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $325,000. Finally, Sterling Financial Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 17.1% in the fourth quarter. Sterling Financial Group Inc. now owns 1,659 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent research reports. Piper Sandler increased their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

JPMorgan Chase & Co. Trading Up 1.9 %

NYSE:JPM opened at $199.52 on Thursday. The firm has a market cap 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. The stock has a fifty day moving average price of $181.58 and a 200 day moving average price of $163.37. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly 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). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the prior year, the business earned $3.57 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,649 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock worth $155,107,447 in the last quarter. Company insiders own 0.79% of the company’s stock.

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.