Ancora Advisors LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Ancora Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,196 shares of the financial services provider's stock after purchasing an additional 4,125 shares during the period. JPMorgan Chase & Co. accounts for about 1.6% of Ancora Advisors LLC's investment portfolio, making the stock its 11th largest position. Ancora Advisors LLC's holdings in JPMorgan Chase & Co. were worth $73,878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 2.3 %

Shares of JPMorgan Chase & Co. stock opened at $252.56 on Friday. The business has a fifty day simple moving average of $238.97 and a 200-day simple moving average of $244.57. The firm has a market cap 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 fifty-two week low of $188.46 and a fifty-two week high of $280.25. 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 - Get Free Report) last announced its earnings results 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 the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.44 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were given a $1.40 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JPM. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Barclays raised their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. StockNews.com upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $255.67.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction dated 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 directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % 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 three months. Corporate insiders own 0.47% 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.

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