Midwest Financial Group LLC Purchases Shares of 919 JPMorgan Chase & Co. (NYSE:JPM)

Midwest Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 919 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other large investors also recently bought and sold shares of JPM. CX Institutional lifted its stake in shares of JPMorgan Chase & Co. by 14.2% in the 4th quarter. CX Institutional now owns 23,537 shares of the financial services provider’s stock valued at $5,642,000 after purchasing an additional 2,925 shares during the period. Rodgers & Associates LTD purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $203,000. Encompass More Asset Management raised its position in shares of JPMorgan Chase & Co. by 5.7% in the fourth quarter. Encompass More Asset Management now owns 3,149 shares of the financial services provider’s stock worth $755,000 after acquiring an additional 170 shares during the period. Impact Partnership Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 8.8% during the 4th quarter. Impact Partnership Wealth LLC now owns 4,000 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 322 shares in the last quarter. Finally, Patriot Investment Management Group Inc. grew its position in shares of JPMorgan Chase & Co. by 2.1% during the 4th quarter. Patriot Investment Management Group Inc. now owns 5,742 shares of the financial services provider’s stock valued at $1,376,000 after acquiring an additional 117 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.2 %

JPM opened at $266.74 on Thursday. The stock has a market capitalization of $750.96 billion, a PE ratio of 13.51, a P/E/G ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $171.43 and a one year high of $270.68. 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 business’s 50 day moving average price is $246.56 and its 200 day moving average price is $227.36.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The business 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 company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 EPS. As a group, equities research 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. Investors of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. 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.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Royal Bank of Canada upped their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer downgraded 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 company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average 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.