HHM Wealth Advisors LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

HHM Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 55.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,303 shares of the financial services provider’s stock after buying an additional 3,664 shares during the period. JPMorgan Chase & Co. comprises approximately 0.3% of HHM Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. HHM Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPM. AMF Tjanstepension AB raised its holdings in JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 343 shares in the last quarter. Perfromance Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 6.2% during the third quarter. Perfromance Wealth Partners LLC now owns 165,601 shares of the financial services provider’s stock valued at $34,918,000 after acquiring an additional 9,737 shares during the last quarter. Requisite Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 6.6% in the third quarter. Requisite Capital Management LLC now owns 4,737 shares of the financial services provider’s stock worth $999,000 after purchasing an additional 294 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. grew its stake in JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 11,252 shares of the financial services provider’s stock worth $2,373,000 after buying an additional 69 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JPM shares. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup increased 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 lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $275.84 on Monday. The stock has a market cap of $776.57 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $172.62 and a 1-year high of $278.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $250.08 and a 200-day simple moving average of $230.52.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the business earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts expect that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

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.