Core Wealth Partners LLC Has $2 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Core Wealth Partners LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,359 shares of the financial services provider’s stock after purchasing an additional 540 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Core Wealth Partners LLC’s holdings, making the stock its 20th biggest holding. Core Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,004,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ausdal Financial Partners Inc. increased its holdings in JPMorgan Chase & Co. by 103.5% in the 4th quarter. Ausdal Financial Partners Inc. now owns 17,497 shares of the financial services provider’s stock worth $4,194,000 after purchasing an additional 8,897 shares in the last quarter. Financial Engines Advisors L.L.C. raised its holdings in JPMorgan Chase & Co. by 98.6% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 16,549 shares of the financial services provider’s stock valued at $3,967,000 after buying an additional 8,217 shares during the last quarter. Morey & Quinn Wealth Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $357,000. Ipsen Advisor Group LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $655,000. Finally, Trust Investment Advisors increased its position in JPMorgan Chase & Co. by 4.4% in the 4th quarter. Trust Investment Advisors now owns 10,331 shares of the financial services provider’s stock valued at $2,476,000 after acquiring an additional 439 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $245.66 on Tuesday. The company has a 50-day simple moving average of $257.27 and a two-hundred day simple moving average of $241.05. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The firm has a market cap of $686.89 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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 (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $3.04 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 28.37%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent research reports. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. UBS Group raised their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Finally, Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

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.