Central Valley Advisors LLC Acquires Shares of 23,011 JPMorgan Chase & Co. (NYSE:JPM)

Central Valley Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 23,011 shares of the financial services provider’s stock, valued at approximately $3,914,000. JPMorgan Chase & Co. makes up about 2.3% of Central Valley Advisors LLC’s holdings, making the stock its 9th largest position.

Several other hedge funds also recently modified their holdings of the stock. Morgan Stanley boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares during the last quarter. FMR LLC lifted its holdings in JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after acquiring an additional 606,382 shares during the period. Wellington Management Group LLP lifted its holdings in JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the period. Norges Bank bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $6,016,878,000. Finally, Northern Trust Corp lifted its holdings in JPMorgan Chase & Co. by 2.7% during the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock worth $4,798,612,000 after acquiring an additional 871,091 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock worth $46,713,667 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $2.62 during mid-day trading on Friday, hitting $199.54. The company had a trading volume of 1,329,411 shares, compared to its average volume of 9,235,007. The company has a market capitalization of $573.01 billion, a price-to-earnings ratio of 11.89, a P/E/G 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 current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $194.50 and its 200-day moving average price is $177.66.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $40.90 billion. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.31 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday. UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, BMO Capital Markets lowered their target price on 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. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

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.