Harbor Investment Advisory LLC Acquires 776 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Harbor Investment Advisory LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 69,288 shares of the financial services provider’s stock after buying an additional 776 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Harbor Investment Advisory LLC’s portfolio, making the stock its 9th largest holding. Harbor Investment Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $16,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $1,888,088,000. Fisher Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 31.7% during the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock worth $3,539,132,000 after acquiring an additional 4,043,841 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of JPMorgan Chase & Co. by 137.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider’s stock worth $922,760,000 after purchasing an additional 2,535,590 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of JPMorgan Chase & Co. by 93.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider’s stock valued at $567,669,000 after purchasing an additional 1,301,764 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of JPMorgan Chase & Co. by 7.2% during the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock worth $3,338,955,000 after purchasing an additional 1,016,289 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Up 1.1 %

JPM stock opened at $265.61 on Friday. The firm’s 50-day moving average is $244.81 and its two-hundred day moving average is $225.56. The company has a market capitalization of $747.79 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $168.86 and a 52 week high of $266.86. 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 announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The firm 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 firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 earnings per share. On average, analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.88%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.