JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Purus Wealth Management LLC

Purus Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the fourth quarter, Holdings Channel reports. The firm owned 12,741 shares of the financial services provider’s stock after purchasing an additional 477 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Purus Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Purus Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Penn Davis Mcfarland Inc. grew its position in JPMorgan Chase & Co. by 8.7% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 2,580 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 207 shares in the last quarter. Lee Johnson Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Lee Johnson Capital Management LLC now owns 19,228 shares of the financial services provider’s stock worth $4,609,000 after buying an additional 310 shares during the period. DLK Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. DLK Investment Management LLC now owns 38,293 shares of the financial services provider’s stock valued at $9,179,000 after buying an additional 410 shares in the last quarter. True Link Financial Advisors LLC raised its position in JPMorgan Chase & Co. by 4.2% during the fourth quarter. True Link Financial Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $299,000 after buying an additional 50 shares during the period. Finally, Strong Tower Advisory Services lifted its stake in JPMorgan Chase & Co. by 3.5% in the 4th quarter. Strong Tower Advisory Services now owns 10,560 shares of the financial services provider’s stock worth $2,531,000 after acquiring an additional 356 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred 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 owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $265.61 on Friday. The company has a market cap of $747.79 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.83 and a beta of 1.11. The business has a 50 day moving average price of $244.81 and a 200 day moving average price of $225.56. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $168.86 and a twelve month high of $266.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business 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 company posted $3.04 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share 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. Investors of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. 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.