Holland Advisory Services Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Holland Advisory Services Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,717 shares of the financial services provider’s stock after buying an additional 124 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Holland Advisory Services Inc.’s holdings, making the stock its 11th biggest position. Holland Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $891,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in JPM. Arthur M. Cohen & Associates LLC boosted its stake in JPMorgan Chase & Co. by 20.1% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 4,721 shares of the financial services provider’s stock worth $1,132,000 after purchasing an additional 790 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $75,000. O Keefe Stevens Advisory Inc. grew its holdings in shares of JPMorgan Chase & Co. by 15.1% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 8,074 shares of the financial services provider’s stock worth $1,935,000 after buying an additional 1,058 shares during the last quarter. Brooklyn Investment Group increased its position in JPMorgan Chase & Co. by 4.3% in the 4th quarter. Brooklyn Investment Group now owns 19,297 shares of the financial services provider’s stock valued at $4,625,000 after acquiring an additional 804 shares during the period. Finally, Defined Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Defined Wealth Management LLC now owns 8,953 shares of the financial services provider’s stock valued at $2,146,000 after acquiring an additional 60 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Up 2.0 %

JPM stock opened at $259.46 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day simple moving average is $243.50 and its 200-day simple moving average is $224.41. JPMorgan Chase & Co. has a 12 month low of $165.24 and a 12 month high of $260.62. The firm has a market capitalization of $730.47 billion, a PE ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts expect that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated 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 in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is owned by insiders.

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.