Echo45 Advisors LLC Purchases 156 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Echo45 Advisors LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,979 shares of the financial services provider’s stock after acquiring an additional 156 shares during the quarter. Echo45 Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. True North Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 239.8% in the fourth quarter. True North Advisors LLC now owns 23,003 shares of the financial services provider’s stock valued at $5,514,000 after acquiring an additional 16,234 shares during the period. Traynor Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 24.9% in the fourth quarter. Traynor Capital Management Inc. now owns 58,748 shares of the financial services provider’s stock worth $14,083,000 after buying an additional 11,729 shares during the period. Independent Wealth Network Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.8% in the fourth quarter. Independent Wealth Network Inc. now owns 1,733 shares of the financial services provider’s stock worth $416,000 after buying an additional 80 shares during the period. Evolution Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 38.2% in the fourth quarter. Evolution Wealth Advisors LLC now owns 6,688 shares of the financial services provider’s stock worth $1,603,000 after buying an additional 1,850 shares during the period. Finally, Kelleher Financial Advisors raised its stake in shares of JPMorgan Chase & Co. by 2.6% in the fourth quarter. Kelleher Financial Advisors now owns 6,811 shares of the financial services provider’s stock worth $1,633,000 after buying an additional 171 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $264.66 on Monday. The stock has a market cap of $745.09 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a 50 day moving average price of $245.67 and a 200-day moving average price of $226.38. JPMorgan Chase & Co. has a one year low of $170.90 and a one year high of $267.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Citigroup raised their price objective 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. Truist Financial raised their price objective 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. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $251.78.

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.