Patriot Investment Management Group Inc. Buys 117 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Patriot Investment Management Group Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 5,742 shares of the financial services provider’s stock after buying an additional 117 shares during the period. Patriot Investment Management Group Inc.’s holdings in JPMorgan Chase & Co. were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Southland Equity Partners LLC lifted its holdings in JPMorgan Chase & Co. by 10.7% in the fourth quarter. Southland Equity Partners LLC now owns 14,240 shares of the financial services provider’s stock valued at $3,413,000 after acquiring an additional 1,377 shares during the period. St. Johns Investment Management Company LLC increased its position in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. St. Johns Investment Management Company LLC now owns 11,239 shares of the financial services provider’s stock valued at $2,694,000 after purchasing an additional 252 shares during the last quarter. LexAurum Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.2% in the 4th quarter. LexAurum Advisors LLC now owns 8,744 shares of the financial services provider’s stock worth $2,096,000 after purchasing an additional 434 shares during the period. Rappaport Reiches Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.8% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock worth $256,000 after buying an additional 39 shares during the last quarter. Finally, RFG Advisory LLC grew its position in JPMorgan Chase & Co. by 5.9% during the fourth quarter. RFG Advisory LLC now owns 30,415 shares of the financial services provider’s stock valued at $7,291,000 after buying an additional 1,693 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $266.94 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $171.30 and a 12 month high of $267.33. The stock has a market capitalization of $751.53 billion, a P/E ratio of 13.52, a PEG ratio of 2.83 and a beta of 1.11. The business has a 50 day simple moving average of $246.08 and a two-hundred day simple moving average of $226.92.

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 (EPS) 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 business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 17.82 EPS 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 issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Two 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. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target 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.