JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by New Potomac Partners LLC

New Potomac Partners LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,048 shares of the financial services provider’s stock after purchasing an additional 1,556 shares during the period. JPMorgan Chase & Co. comprises 1.9% of New Potomac Partners LLC’s portfolio, making the stock its 17th largest position. New Potomac Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,240,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Next Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.0% during the fourth quarter. Next Capital Management LLC now owns 15,115 shares of the financial services provider’s stock worth $2,571,000 after purchasing an additional 298 shares in the last quarter. Activest Wealth Management raised its holdings in JPMorgan Chase & Co. by 1,111.1% in the fourth quarter. Activest Wealth Management now owns 436 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 400 shares in the last quarter. Mendota Financial Group LLC raised its holdings in JPMorgan Chase & Co. by 223.2% in the fourth quarter. Mendota Financial Group LLC now owns 1,561 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 1,078 shares in the last quarter. Myriad Asset Management US LP acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $6,273,000. Finally, Hibernia Wealth Partners LLC raised its holdings in JPMorgan Chase & Co. by 5.7% in the fourth quarter. Hibernia Wealth Partners LLC now owns 3,654 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 197 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 over the last three months. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Bank of America boosted 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 note on Thursday, January 4th. Piper Sandler boosted 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 note on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $140.00 to $190.00 in a research 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 company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Read Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $198.86 on Wednesday. The company has a 50 day simple moving average of $184.05 and a 200-day simple moving average of $164.86. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $572.79 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.15. JPMorgan Chase & Co. has a 52-week low of $126.22 and a 52-week high of $200.94.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $3.57 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

JPMorgan Chase & Co. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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