Blackston Financial Advisory Group LLC Invests $401,000 in JPMorgan Chase & Co. (NYSE:JPM)

Blackston Financial Advisory Group LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,360 shares of the financial services provider’s stock, valued at approximately $401,000.

Other hedge funds have also bought and sold shares of the company. Macroview Investment Management LLC raised its stake in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the third quarter valued at $40,000. FSC Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 290.9% in the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. Legacy Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at $58,000. Finally, Robbins Farley increased its stake in JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JPM shares. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Get Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Up 0.4 %

JPM opened at $200.30 on Monday. The company’s 50-day moving average price is $183.48 and its two-hundred day moving average price is $164.39. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.72. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The stock has a market cap of $576.94 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 2.54 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $3.57 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 in the last quarter. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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