Sellwood Investment Partners LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, Holdings Channel.com reports. The fund purchased 140 shares of the financial services provider’s stock, valued at approximately $34,000.

A number of other hedge funds also recently modified their holdings of JPM. Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Legacy Investment Solutions LLC bought a new stake in JPMorgan Chase & Co. in the third quarter worth approximately $45,000. Collier Financial acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Lowe Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after buying an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JPM. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. 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. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $245.66 on Tuesday. The stock has a 50 day moving average of $257.27 and a 200 day moving average of $241.05. The company has a market capitalization of $686.89 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 company had revenue of $42.77 billion for 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 business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.04 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.28%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the 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 $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.