Mindset Wealth Management LLC Buys 50 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mindset Wealth Management LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,204 shares of the financial services provider’s stock after acquiring an additional 50 shares during the period. Mindset Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $528,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wealth Advisors of Iowa LLC increased its stake in JPMorgan Chase & Co. by 8.1% in the 4th quarter. Wealth Advisors of Iowa LLC now owns 3,099 shares of the financial services provider’s stock worth $743,000 after acquiring an additional 231 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,193,000. One Charles Private Wealth Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. One Charles Private Wealth Services LLC now owns 12,254 shares of the financial services provider’s stock valued at $2,937,000 after purchasing an additional 75 shares in the last quarter. Lee Danner & Bass Inc. increased its position in JPMorgan Chase & Co. by 2.3% in the fourth quarter. Lee Danner & Bass Inc. now owns 24,637 shares of the financial services provider’s stock worth $5,906,000 after purchasing an additional 550 shares during the last quarter. Finally, Truepoint Inc. raised its stake in JPMorgan Chase & Co. by 4.1% during the fourth quarter. Truepoint Inc. now owns 2,409 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of JPM opened at $248.35 on Friday. The firm has a market capitalization of $694.41 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.83 and a beta of 1.10. 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 1-year low of $179.20 and a 1-year high of $280.25. The company has a 50-day moving average of $257.88 and a 200 day moving average of $240.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.25%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.37%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $252.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.