KMG Fiduciary Partners LLC Purchases 88 Shares of JPMorgan Chase & Co. (NYSE:JPM)

KMG Fiduciary Partners LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,413 shares of the financial services provider’s stock after buying an additional 88 shares during the quarter. JPMorgan Chase & Co. comprises about 2.4% of KMG Fiduciary Partners LLC’s holdings, making the stock its 8th largest position. KMG Fiduciary Partners LLC’s holdings in JPMorgan Chase & Co. were worth $29,583,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JPM. Decker Retirement Planning Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $100,000. Occidental Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 3.4% during the 4th quarter. Occidental Asset Management LLC now owns 23,977 shares of the financial services provider’s stock valued at $5,748,000 after purchasing an additional 787 shares in the last quarter. Empirical Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 862.8% during the 4th quarter. Empirical Asset Management LLC now owns 212,034 shares of the financial services provider’s stock valued at $50,827,000 after purchasing an additional 190,011 shares in the last quarter. Cvfg LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $466,000. Finally, Bennett Associates Wealth Management increased its holdings in JPMorgan Chase & Co. by 59.4% in the fourth quarter. Bennett Associates Wealth Management now owns 1,860 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $259.46 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50-day moving average of $243.50 and a 200-day moving average of $224.30. JPMorgan Chase & Co. has a one year low of $165.24 and a one year high of $260.62. The company has a market cap of $730.47 billion, a P/E ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the business posted $3.04 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

Analysts Set New Price Targets

Several analysts have recently commented on JPM shares. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday. Piper Sandler raised their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.