RKL Wealth Management LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

RKL Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,183 shares of the financial services provider’s stock after buying an additional 4,671 shares during the period. RKL Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,797,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Lowe Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 34.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 51 shares during the period. Finally, Kieckhefer Group LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $50,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. Citigroup increased their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their price target 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. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 3.4 %

JPMorgan Chase & Co. stock opened at $232.94 on Monday. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market cap of $651.31 billion, a PE ratio of 11.80, a P/E/G ratio of 2.83 and a beta of 1.10. The stock’s fifty day moving average is $258.29 and its two-hundred day moving average is $238.95.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm earned $3.04 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.