By otakuyassine3@gmail.com 
Twin Peaks Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,360 shares of the financial services provider’s stock after buying an additional 236 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $566,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $27,000. New England Capital Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the period. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $43,000. Finally, Peterson Financial Group Inc. purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $45,000. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Trading Down 2.2 %
Shares of NYSE:JPM opened at $246.12 on Friday. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The stock’s fifty day moving average price is $259.38 and its 200-day moving average price is $238.07. 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 company has a market cap of $688.17 billion, a P/E ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Truist Financial upped their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Barclays upped 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. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, Citigroup increased their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $251.78.
Get Our Latest Research Report on JPM
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated 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 owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by company insiders.
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.
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