Private Client Services LLC Invests $891,000 in JPMorgan Chase & Co. (NYSE:JPM)

Private Client Services LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,237 shares of the financial services provider’s stock, valued at approximately $891,000.

Other hedge funds also recently made changes to their positions in the company. Valicenti Advisory Services Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares during the period. Etfidea LLC increased its stake in JPMorgan Chase & Co. by 5.4% in the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 100 shares during the last quarter. TKG Advisors LLC increased its stake in JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 6,521 shares during the last quarter. Sutton Place Investors LLC increased its stake in JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after acquiring an additional 8,412 shares during the last quarter. Finally, Alley Investment Management Company LLC increased its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after acquiring an additional 530 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Piper Sandler reduced their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. BMO Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Finally, Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $189.44 on Tuesday. The firm’s 50-day moving average price is $189.10 and its 200-day moving average price is $169.57. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The firm has a market capitalization of $544.09 billion, a P/E ratio of 11.44, a P/E/G ratio of 2.34 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

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 issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.43%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.