Capital Asset Advisory Services LLC Purchases 157 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Capital Asset Advisory Services LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,559 shares of the financial services provider’s stock after acquiring an additional 157 shares during the period. Capital Asset Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $9,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of JPM. Blue Trust Inc. increased its holdings in shares of JPMorgan Chase & Co. by 29.3% in the 4th quarter. Blue Trust Inc. now owns 67,002 shares of the financial services provider’s stock valued at $16,061,000 after acquiring an additional 15,184 shares during the period. Cathy Pareto & Associates Inc. bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $351,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $71,000. Peak Financial Management Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $203,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of JPMorgan Chase & Co. by 18.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 26,843 shares of the financial services provider’s stock valued at $6,435,000 after buying an additional 4,116 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

JPM has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. 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 report on Thursday, January 16th. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Trading Down 0.4 %

JPMorgan Chase & Co. stock opened at $267.14 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a market cap of $752.09 billion, a PE ratio of 13.53, a P/E/G ratio of 2.87 and a beta of 1.11. The stock’s 50 day simple moving average is $247.54 and its two-hundred day simple moving average is $227.91. JPMorgan Chase & Co. has a 12 month low of $171.43 and a 12 month high of $270.82.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.04 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

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.