JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by RDA Financial Network

RDA Financial Network raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,697 shares of the financial services provider’s stock after purchasing an additional 610 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of RDA Financial Network’s investment portfolio, making the stock its 10th biggest holding. RDA Financial Network’s holdings in JPMorgan Chase & Co. were worth $7,358,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of JPM. First Pacific Financial lifted its position in shares of JPMorgan Chase & Co. by 49.5% in the fourth quarter. First Pacific Financial now owns 3,052 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 1,011 shares in the last quarter. Capital Planning LLC lifted its position in JPMorgan Chase & Co. by 13.3% in the 4th quarter. Capital Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after buying an additional 276 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $100,000. Occidental Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.4% in the fourth quarter. Occidental Asset Management LLC now owns 23,977 shares of the financial services provider’s stock worth $5,748,000 after acquiring an additional 787 shares during the last quarter. Finally, Empirical Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 862.8% during the fourth quarter. Empirical Asset Management LLC now owns 212,034 shares of the financial services provider’s stock worth $50,827,000 after acquiring an additional 190,011 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of a number of recent research reports. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday. 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, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 2.0 %

JPM opened at $259.46 on Friday. The business has a 50 day moving average of $243.50 and a 200-day moving average of $224.30. The stock has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $41.90 billion. During the same period in the prior year, the firm earned $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

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.