One Charles Private Wealth Services LLC Has $2.94 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

One Charles Private Wealth Services LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,254 shares of the financial services provider’s stock after purchasing an additional 75 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.0% of One Charles Private Wealth Services LLC’s portfolio, making the stock its 15th largest position. One Charles Private Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,937,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $43,000. Collier Financial acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $45,000. Lowe Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 51 shares during the last quarter. Kieckhefer Group LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $50,000. Finally, Legacy Investment Solutions LLC acquired a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $248.35 on Friday. JPMorgan Chase & Co. has a one year low of $179.20 and a one 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 stock’s fifty day simple moving average is $257.88 and its 200 day simple moving average is $240.12. The firm has a market cap of $694.41 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 2.83 and a beta of 1.10.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.37%.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78 % 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. Also, 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 sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock valued at $19,987,908 over the last ninety days. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price target for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. 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, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Profile

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.