JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Richwood Investment Advisors LLC

Richwood Investment Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,268 shares of the financial services provider’s stock after acquiring an additional 205 shares during the period. Richwood Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC increased its stake in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $35,000. Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $36,000. Stuart Chaussee & Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $40,000. Finally, Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $44,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on JPM. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday. Jefferies Financial Group upped their price target on 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 upped their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the sale, the insider now owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 249,399 shares of company stock valued at $46,713,667 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.3 %

JPM traded up $2.62 on Friday, reaching $199.54. The company’s stock had a trading volume of 1,329,411 shares, compared to its average volume of 9,235,007. The stock has a market cap of $573.01 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The business’s 50 day moving average is $194.50 and its 200 day moving average is $177.66.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.31 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

About JPMorgan Chase & Co.

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.