Sandbox Financial Partners LLC Acquires 167 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sandbox Financial Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,679 shares of the financial services provider’s stock after buying an additional 167 shares during the period. Sandbox Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eagle Capital Management LLC increased its position in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares in the last quarter. Fiera Capital Corp grew its stake in shares of JPMorgan Chase & Co. by 1.7% during the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the last quarter. Purus Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 19.6% during the second quarter. Purus Wealth Management LLC now owns 12,622 shares of the financial services provider’s stock worth $2,553,000 after buying an additional 2,067 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of JPMorgan Chase & Co. by 4.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 640,488 shares of the financial services provider’s stock valued at $129,545,000 after acquiring an additional 24,952 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its holdings in shares of JPMorgan Chase & Co. by 7.1% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 147,529 shares of the financial services provider’s stock valued at $29,839,000 after acquiring an additional 9,827 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $259.46 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $165.24 and a 12 month high of $260.62. The firm has a market capitalization of $730.47 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The business’s fifty day simple moving average is $243.50 and its 200 day simple moving average is $224.52. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, analysts anticipate that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the 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 owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.