8,112 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Roxbury Financial LLC

Roxbury Financial LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel reports. The institutional investor bought 8,112 shares of the financial services provider’s stock, valued at approximately $2,026,000. JPMorgan Chase & Co. accounts for approximately 2.0% of Roxbury Financial LLC’s holdings, making the stock its 13th biggest position.

Several other hedge funds also recently bought and sold shares of JPM. Lord & Richards Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $685,000. Hickory Asset Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $515,000. Aveo Capital Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 33.0% in the fourth quarter. Aveo Capital Partners LLC now owns 7,010 shares of the financial services provider’s stock valued at $1,680,000 after buying an additional 1,740 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. WealthPlan Investment Management LLC now owns 30,027 shares of the financial services provider’s stock worth $7,198,000 after acquiring an additional 706 shares during the period. Finally, Scarborough Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $314,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Truist Financial boosted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Trading Down 1.2 %

NYSE:JPM opened at $261.02 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a market cap of $729.83 billion, a PE ratio of 13.22, a PEG ratio of 2.83 and a beta of 1.12. The firm has a 50-day moving average of $256.54 and a 200-day moving average of $235.85.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. 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.