White Lighthouse Investment Management Inc. Buys 1,977 Shares of JPMorgan Chase & Co. $JPM

White Lighthouse Investment Management Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 116.6% during the 4th quarter, HoldingsChannel reports. The firm owned 3,673 shares of the financial services provider’s stock after acquiring an additional 1,977 shares during the quarter. White Lighthouse Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,184,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JPM. Turning Point Benefit Group Inc. bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $35,000. Merrithew & Thorsten Inc bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. WHI TRUST Co LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $45,000. Cresta Advisors Ltd. bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $48,000. Finally, Miller Global Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $52,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research analyst reports. Truist Financial increased their price target on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Monday, May 4th. The Goldman Sachs Group set a $361.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, April 14th. Evercore increased their price target on JPMorgan Chase & Co. from $320.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company decreased their price target on JPMorgan Chase & Co. from $360.00 to $350.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 5,468 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $300.27, for a total transaction of $1,641,876.36. Following the sale, the general counsel owned 46,428 shares of the company’s stock, valued at approximately $13,940,935.56. This trade represents a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $295.06, for a total value of $127,760.98. Following the sale, the insider directly owned 64,920 shares in the company, valued at $19,155,295.20. The trade was a 0.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 28,589 shares of company stock worth $8,747,496. Company insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $296.84 on Tuesday. The business’s fifty day moving average is $302.65 and its 200-day moving average is $306.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.30. The company has a market cap of $795.38 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. JPMorgan Chase & Co. has a twelve month low of $260.31 and a twelve month high of $337.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $5.50 by $0.44. The company had revenue of $50.54 billion for the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.07 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 22.4 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is 28.74%.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s Q2 fee income outlook looks strong, with expectations for higher markets revenue and investment-banking fees as volatility and deal-making support results. JPMorgan’s Bullish Q2 Outlook Highlights Fee Income Potential
• Positive Sentiment: Additional bullish coverage highlighted JPMorgan as a strong financial stock choice and one that can benefit if interest rates remain elevated or rise again, since higher rates can support bank net interest income. If the Fed Hikes Again, These 3 Financial Stocks Should Still Hold Up
• Neutral Sentiment: JPMorgan also appeared in several broader market and analyst roundups, including “best undervalued financial stock” and “stock to watch” lists, which support sentiment but do not add a new near-term fundamental catalyst. JPMorgan (JPM): The Best Undervalued Financial Stock to Buy Now
• Neutral Sentiment: There were also several references to JPMorgan’s broader market influence, including research notes and banking-industry commentary, but these are mostly informational rather than direct catalysts for the shares. JPMorgan’s Bullish Q2 Outlook Highlights Fee Income Potential
• Negative Sentiment: One legal headline noted JPMorgan was ordered to pay $4.25 million in an employee dispute, but the amount is small relative to the bank’s size and is unlikely to move the stock on its own. JPMorgan has been ordered to pay a fired employee $4.25 million over a Super Bowl deli platter dispute

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.