Symmetry Partners LLC Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Symmetry Partners LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,888 shares of the financial services provider’s stock, valued at approximately $453,000.

A number of other hedge funds also recently modified their holdings of JPM. Lingohr Asset Management GmbH purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $676,000. Teacher Retirement System of Texas boosted its position in JPMorgan Chase & Co. by 5.8% during the fourth quarter. Teacher Retirement System of Texas now owns 1,074,502 shares of the financial services provider’s stock worth $257,569,000 after purchasing an additional 58,644 shares during the period. First National Bank of Hutchinson increased its stake in shares of JPMorgan Chase & Co. by 18.6% in the fourth quarter. First National Bank of Hutchinson now owns 11,962 shares of the financial services provider’s stock worth $2,867,000 after purchasing an additional 1,872 shares in the last quarter. Sandy Spring Bank increased its stake in shares of JPMorgan Chase & Co. by 2.1% in the fourth quarter. Sandy Spring Bank now owns 168,261 shares of the financial services provider’s stock worth $40,334,000 after purchasing an additional 3,505 shares in the last quarter. Finally, Generali Investments Management Co LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $3,402,000. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’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 completion of the sale, the chief executive officer now 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. Insiders sold 76,848 shares of company stock valued at $19,987,908 over the last three months. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $250.99 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $701.79 billion, a P/E ratio of 12.71, a PEG ratio of 2.83 and a beta of 1.10. The stock has a 50-day moving average price of $257.99 and a 200-day moving average price of $240.06. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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 during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 earnings per share. Equities analysts predict 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. Investors of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Truist Financial boosted their price objective 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. Piper Sandler raised their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.