Commonwealth Equity Services LLC Acquires 7,886 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Commonwealth Equity Services LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,766,041 shares of the financial services provider’s stock after purchasing an additional 7,886 shares during the period. JPMorgan Chase & Co. comprises 0.6% of Commonwealth Equity Services LLC’s investment portfolio, making the stock its 19th largest position. Commonwealth Equity Services LLC owned 0.06% of JPMorgan Chase & Co. worth $423,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Madison Wealth Partners Inc lifted its stake in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Madison Wealth Partners Inc now owns 7,564 shares of the financial services provider’s stock worth $1,813,000 after acquiring an additional 86 shares during the period. DecisionMap Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter worth $712,000. IAG Wealth Partners LLC raised its holdings in JPMorgan Chase & Co. by 9.8% in the 4th quarter. IAG Wealth Partners LLC now owns 1,175 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 105 shares in the last quarter. CFO4Life Group LLC lifted its position in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. CFO4Life Group LLC now owns 10,279 shares of the financial services provider’s stock worth $2,464,000 after purchasing an additional 217 shares during the period. Finally, Balboa Wealth Partners boosted its stake in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Balboa Wealth Partners now owns 10,629 shares of the financial services provider’s stock valued at $2,548,000 after purchasing an additional 61 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $241.49 on Friday. The company has a market cap of $675.24 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company’s 50-day moving average price is $257.86 and its 200-day moving average price is $239.22. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $41.90 billion. During the same period last year, the company earned $3.04 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last 90 days. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. UBS Group increased 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. Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.