BlueChip Wealth Advisors LLC Buys 163 Shares of JPMorgan Chase & Co. (NYSE:JPM)

BlueChip Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,225 shares of the financial services provider’s stock after acquiring an additional 163 shares during the period. BlueChip Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $533,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Okabena Investment Services Inc. lifted its position in JPMorgan Chase & Co. by 3.2% during the 4th quarter. Okabena Investment Services Inc. now owns 11,272 shares of the financial services provider’s stock worth $2,702,000 after acquiring an additional 348 shares during the last quarter. Allianz SE acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $59,608,000. WealthTrak Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $136,000. Intrust Bank NA grew its holdings in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Intrust Bank NA now owns 43,132 shares of the financial services provider’s stock valued at $10,339,000 after buying an additional 322 shares during the last quarter. Finally, Allstate Corp increased its position in JPMorgan Chase & Co. by 3,259.6% in the 4th quarter. Allstate Corp now owns 84,629 shares of the financial services provider’s stock worth $20,286,000 after buying an additional 82,110 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 in the last quarter. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Truist Financial upped their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $255.06.

JPMorgan Chase & Co. Trading Up 1.0 %

Shares of JPM opened at $246.10 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $688.12 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10. The stock has a fifty day moving average price of $256.54 and a two-hundred day moving average price of $241.36. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the business posted $3.04 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.28%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.