Rodgers & Associates LTD Purchases New Position in JPMorgan Chase & Co. (NYSE:JPM)

Rodgers & Associates LTD purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 848 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP boosted its holdings in JPMorgan Chase & Co. by 1,062.1% in the 2nd quarter. Quarry LP now owns 337 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 308 shares during the period. New Wave Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $214,000. RiverFront Investment Group LLC boosted its holdings in JPMorgan Chase & Co. by 104.3% in the 2nd quarter. RiverFront Investment Group LLC now owns 124,513 shares of the financial services provider’s stock valued at $25,184,000 after purchasing an additional 63,571 shares during the period. Farmers National Bank boosted its holdings in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Farmers National Bank now owns 70,410 shares of the financial services provider’s stock valued at $14,241,000 after purchasing an additional 649 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $399,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.2 %

Shares of NYSE JPM opened at $266.74 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $171.43 and a 52-week high of $270.68. The firm has a 50 day moving average price of $246.56 and a two-hundred day moving average price of $227.36. The stock has a market cap of $750.96 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The company’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Daiwa Capital Markets cut their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $251.78.

Check Out Our Latest Report on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

(Free Report)

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.

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

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