Disciplined Investors L.L.C. Invests $1.53 Million in JPMorgan Chase & Co. (NYSE:JPM)

Disciplined Investors L.L.C. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, Holdings Channel reports. The institutional investor bought 6,273 shares of the financial services provider’s stock, valued at approximately $1,532,000. JPMorgan Chase & Co. comprises about 1.5% of Disciplined Investors L.L.C.’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of JPM. SevenBridge Financial Group LLC increased its holdings in JPMorgan Chase & Co. by 1.2% during the 4th quarter. SevenBridge Financial Group LLC now owns 47,362 shares of the financial services provider’s stock valued at $11,353,000 after purchasing an additional 565 shares in the last quarter. OneAscent Financial Services LLC boosted its stake in JPMorgan Chase & Co. by 12.7% in the fourth quarter. OneAscent Financial Services LLC now owns 19,172 shares of the financial services provider’s stock worth $4,596,000 after purchasing an additional 2,164 shares in the last quarter. Private Portfolio Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.5% during the fourth quarter. Private Portfolio Partners LLC now owns 8,723 shares of the financial services provider’s stock worth $2,091,000 after purchasing an additional 212 shares during the last quarter. Kesler Norman & Wride LLC increased its stake in shares of JPMorgan Chase & Co. by 19.1% in the fourth quarter. Kesler Norman & Wride LLC now owns 14,184 shares of the financial services provider’s stock valued at $3,400,000 after buying an additional 2,270 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $1,334,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price objective 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. Truist Financial decreased their price objective on JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Bank of America dropped their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $254.83.

JPMorgan Chase & Co. Trading Down 8.1 %

Shares of NYSE JPM opened at $210.09 on Friday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The stock has a market cap of $587.43 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company’s fifty day moving average is $254.71 and its 200-day moving average is $241.51.

JPMorgan Chase & Co. (NYSE:JPM) last posted its 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. The firm had revenue of $42.77 billion during 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 company’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS 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. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s payout ratio is presently 28.37%.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were 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 of the company’s stock, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value 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 position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company 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.