Homestead Advisers Corp Buys 13,400 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Homestead Advisers Corp raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 804,036 shares of the financial services provider’s stock after purchasing an additional 13,400 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 4.6% of Homestead Advisers Corp’s portfolio, making the stock its largest position. Homestead Advisers Corp’s holdings in JPMorgan Chase & Co. were worth $192,735,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in JPM. AssuredPartners Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $6,854,000. NEOS Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 24.2% during the fourth quarter. NEOS Investment Management LLC now owns 152,130 shares of the financial services provider’s stock worth $36,467,000 after acquiring an additional 29,668 shares during the period. UniSuper Management Pty Ltd increased its position in shares of JPMorgan Chase & Co. by 15.2% during the fourth quarter. UniSuper Management Pty Ltd now owns 1,720,281 shares of the financial services provider’s stock worth $412,369,000 after acquiring an additional 226,805 shares during the period. Moment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,868,000. Finally, Sava Infond d.o.o. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $6,958,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.2 %

JPM stock opened at $245.66 on Tuesday. The company has a market cap of $686.89 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a fifty day moving average price of $257.27 and a 200 day moving average price of $241.05. 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 $179.20 and a 12 month high of $280.25.

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, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts expect 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. This represents a $5.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is 28.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on JPM shares. Keefe, Bruyette & Woods increased 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. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Truist Financial increased their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.89.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock valued at $19,987,908 over the last three months. 0.79% of the stock is currently owned by company insiders.

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.