Strategic Financial Concepts LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Strategic Financial Concepts LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 16,185.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,042 shares of the financial services provider’s stock after buying an additional 168,004 shares during the quarter. Strategic Financial Concepts LLC’s holdings in JPMorgan Chase & Co. were worth $40,521,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Mizuho Securities Co. Ltd. purchased a new position in JPMorgan Chase & Co. during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $27,000. New England Capital Financial Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 50 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 36.0% in the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 50 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $276.61 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average price is $252.44 and its 200 day moving average price is $232.17. JPMorgan Chase & Co. has a 52-week low of $176.15 and a 52-week high of $279.23. The stock has a market capitalization of $778.74 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a dividend of $1.25 per share. 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 dividend payout ratio (DPR) is 25.33%.

Analyst Ratings Changes

JPM has been the topic of several research reports. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. UBS Group increased their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $251.78.

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.