Samalin Investment Counsel LLC Has $2.16 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Samalin Investment Counsel LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,029 shares of the financial services provider’s stock after acquiring an additional 366 shares during the quarter. JPMorgan Chase & Co. makes up 0.9% of Samalin Investment Counsel LLC’s holdings, making the stock its 22nd biggest holding. Samalin Investment Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $2,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Collier Financial acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $45,000. Lowe Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 34.0% in the fourth 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 in the last quarter. Finally, Kieckhefer Group LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $50,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 2.1 %

NYSE:JPM opened at $242.97 on Friday. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The firm has a 50-day moving average price of $257.55 and a two-hundred day moving average price of $240.30. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market cap of $679.36 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.30%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JPM. Bank of America lifted 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. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. 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 report on Friday, January 3rd. UBS Group increased 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. Finally, Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the sale, the chief operating officer now owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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.