2,059 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by AmeriServ Wealth Advisors

AmeriServ Wealth Advisors bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,059 shares of the financial services provider's stock, valued at approximately $494,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ancora Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Ancora Advisors LLC now owns 308,196 shares of the financial services provider's stock worth $73,878,000 after buying an additional 4,125 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $470,000. Aptus Capital Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 27.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 301,558 shares of the financial services provider's stock valued at $72,286,000 after acquiring an additional 64,798 shares during the last quarter. Aspire Growth Partners LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $2,414,000. Finally, Absolute Gestao de Investimentos Ltda. raised its holdings in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Absolute Gestao de Investimentos Ltda. now owns 1,353 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction 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 sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated 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 of the company's stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock valued at $19,149,144 in the last ninety days. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.3 %

Shares of JPM opened at $252.56 on Friday. 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 has a market capitalization of $702.87 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1 year low of $188.46 and a 1 year high of $280.25. The business's 50 day simple moving average is $238.97 and its 200-day simple moving average is $244.57.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $4.44 earnings per share. As a group, 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 disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.22%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. 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. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. KGI Securities started coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research report on Monday, April 14th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $255.67.

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.

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