JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 15.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,988 shares of the financial services provider’s stock after purchasing an additional 17,488 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.6% of Motley Fool Asset Management LLC’s holdings, making the stock its 13th largest holding. Motley Fool Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $31,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JPM. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $43,000. Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $43,000. Legacy Investment Solutions LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at $45,000. Finally, Collier Financial acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at $32,947,774.62. This trade represents a 15.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $210.09 on Friday. The company’s 50-day moving average is $254.71 and its two-hundred day moving average is $241.51. 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 firm has a market capitalization of $587.43 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm 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 $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is 28.37%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JPM shares. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays raised 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. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Truist Financial reduced their price objective on JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating for the company in a research note on Friday. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $254.83.

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.