JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,892 shares of the financial services provider’s stock after purchasing an additional 100 shares during the period. JPMorgan Chase & Co. makes up about 1.1% of Spirit of America Management Corp NY’s investment portfolio, making the stock its 25th biggest holding. Spirit of America Management Corp NY’s holdings in JPMorgan Chase & Co. were worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $3,449,000. Alexander Labrunerie & CO. Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Alexander Labrunerie & CO. Inc. now owns 34,427 shares of the financial services provider’s stock valued at $8,252,000 after acquiring an additional 389 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of JPMorgan Chase & Co. by 12.1% during the fourth quarter. Stratos Wealth Partners LTD. now owns 279,734 shares of the financial services provider’s stock valued at $67,055,000 after acquiring an additional 30,178 shares in the last quarter. Sargent Investment Group LLC grew its stake in shares of JPMorgan Chase & Co. by 33.8% during the fourth quarter. Sargent Investment Group LLC now owns 31,310 shares of the financial services provider’s stock valued at $7,646,000 after acquiring an additional 7,902 shares in the last quarter. Finally, Old North State Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 17.1% during the fourth quarter. Old North State Wealth Management LLC now owns 3,137 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 457 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPM opened at $275.41 on Thursday. The business’s 50 day moving average is $251.18 and its 200-day moving average is $231.55. The stock has a market cap of $775.37 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $172.62 and a twelve month high of $278.55.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS 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 for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter 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 predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred 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 transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

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.