Private Advisor Group LLC Has $143.60 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Private Advisor Group LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 80.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 599,062 shares of the financial services provider’s stock after acquiring an additional 266,320 shares during the period. JPMorgan Chase & Co. accounts for 0.8% of Private Advisor Group LLC’s holdings, making the stock its 20th largest position. Private Advisor Group LLC’s holdings in JPMorgan Chase & Co. were worth $143,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in JPM. Financial Perspectives Inc increased its stake in shares of JPMorgan Chase & Co. by 6.4% during the fourth quarter. Financial Perspectives Inc now owns 9,711 shares of the financial services provider’s stock worth $2,328,000 after purchasing an additional 582 shares during the period. Alberta Investment Management Corp grew its holdings in JPMorgan Chase & Co. by 229.9% in the 4th quarter. Alberta Investment Management Corp now owns 89,720 shares of the financial services provider’s stock valued at $21,507,000 after buying an additional 62,520 shares in the last quarter. Vista Capital Partners Inc. increased its position in JPMorgan Chase & Co. by 6.4% during the 4th quarter. Vista Capital Partners Inc. now owns 3,406 shares of the financial services provider’s stock worth $816,000 after buying an additional 205 shares during the period. Strata Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.8% during the fourth quarter. Strata Wealth Advisors LLC now owns 1,328 shares of the financial services provider’s stock worth $318,000 after buying an additional 48 shares in the last quarter. Finally, Hudson Value Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 3.8% in the fourth quarter. Hudson Value Partners LLC now owns 15,565 shares of the financial services provider’s stock valued at $3,731,000 after acquiring an additional 577 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JPM. Citigroup raised 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 report on Tuesday, November 19th. Truist Financial lifted their price target 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. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. UBS Group raised their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $264.56 on Friday. The company’s 50 day moving average price is $258.55 and its two-hundred day moving average price is $236.93. The firm has a market capitalization of $739.74 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. 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. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 the consensus estimate of $41.90 billion. During the same quarter last year, the business posted $3.04 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 in the last quarter. 0.79% of the stock is owned by insiders.

About JPMorgan Chase & Co.

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.