JPMorgan Chase & Co. (NYSE:JPM) Stake Increased by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,217,007 shares of the financial services provider’s stock after buying an additional 46,877 shares during the quarter. JPMorgan Chase & Co. comprises about 2.5% of Great Lakes Advisors LLC’s holdings, making the stock its largest position. Great Lakes Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $291,729,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Collier Financial purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $45,000. Lowe Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 51 shares during the last quarter. Kieckhefer Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $50,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $45,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $238.86 on Friday. The company has a 50-day simple moving average of $257.83 and a two-hundred day simple moving average of $239.11. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $667.89 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results 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. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.34%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Truist Financial increased their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.89.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly 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 disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 in the last three months. Company insiders own 0.79% of the company’s stock.

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.