JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by First Merchants Corp

First Merchants Corp boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,989 shares of the financial services provider’s stock after purchasing an additional 873 shares during the period. First Merchants Corp’s holdings in JPMorgan Chase & Co. were worth $9,694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Macroview Investment Management LLC lifted 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 valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. FSC Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 290.9% during 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 during the last quarter. Legacy Financial Group LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $58,000. Finally, Robbins Farley lifted its position in shares of JPMorgan Chase & Co. by 29.5% in the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Piper Sandler upped 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 report on Tuesday, January 16th. Finally, Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.11.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. Insiders sold a total of 849,303 shares of company stock valued at $155,107,447 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $182.79 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 1 year low of $126.83 and a 1 year high of $200.94. The firm’s fifty day simple moving average is $188.11 and its 200 day simple moving average is $167.77. The firm has a market capitalization of $524.99 billion, a PE ratio of 11.27, a PEG ratio of 2.48 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period last year, the company earned $3.57 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.78 EPS 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. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.52%. JPMorgan Chase & Co.’s dividend payout ratio is 28.36%.

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.