Cultivar Capital Inc. Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Cultivar Capital Inc. bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,200 shares of the financial services provider’s stock, valued at approximately $374,000. JPMorgan Chase & Co. accounts for about 0.3% of Cultivar Capital Inc.’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Macroview Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd 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 in the last quarter. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. in the third quarter worth about $40,000. FSC Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 288 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $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 worth $61,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of the firm’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 in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 over the last 90 days. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

JPM has been the topic of several analyst reports. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $181.63.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $199.52 on Thursday. The company’s 50-day moving average is $181.58 and its two-hundred day moving average is $163.37. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $574.69 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.46 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share 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 analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.57 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 15.84 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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. This represents a $4.60 annualized dividend and a yield of 2.31%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is 28.36%.

About JPMorgan Chase & Co.

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.