Outlook Wealth Advisors LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Outlook Wealth Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 3,385 shares of the financial services provider’s stock after acquiring an additional 134 shares during the period. Outlook Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $812,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Keeler & Nadler Financial Planning & Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 5.1% during the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 1,981 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 97 shares during the last quarter. ERn Financial LLC raised its position in JPMorgan Chase & Co. by 4.9% during the fourth quarter. ERn Financial LLC now owns 6,869 shares of the financial services provider’s stock valued at $1,647,000 after purchasing an additional 323 shares in the last quarter. BluePath Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 13.8% during the fourth quarter. BluePath Capital Management LLC now owns 6,498 shares of the financial services provider’s stock worth $1,587,000 after purchasing an additional 786 shares during the last quarter. Websterrogers Financial Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $275,000. Finally, Roble Belko & Company Inc increased its position in shares of JPMorgan Chase & Co. by 28.0% during the 4th quarter. Roble Belko & Company Inc now owns 2,286 shares of the financial services provider’s stock valued at $548,000 after purchasing an additional 500 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $259.46 on Friday. The firm has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The stock has a fifty day moving average of $243.06 and a 200 day moving average of $223.93. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $260.62. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research reports. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note 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. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.