Warm Springs Advisors Inc. Takes $2.16 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Warm Springs Advisors Inc. bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,004 shares of the financial services provider's stock, valued at approximately $2,158,000. JPMorgan Chase & Co. comprises about 2.0% of Warm Springs Advisors Inc.'s investment portfolio, making the stock its 14th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Chase & Co. by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after acquiring an additional 319,730 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 6,517 shares of the financial services provider's stock valued at $1,562,000 after acquiring an additional 148 shares in the last quarter. Capital & Planning LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares in the last quarter. DLK Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. DLK Investment Management LLC now owns 38,293 shares of the financial services provider's stock valued at $9,179,000 after acquiring an additional 410 shares in the last quarter. Finally, Lee Johnson Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Lee Johnson Capital Management LLC now owns 19,228 shares of the financial services provider's stock valued at $4,609,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $295.00 price objective (up from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada restated an "outperform" rating and set a $285.00 target price (up from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial set a $270.00 target price on shares of JPMorgan Chase & Co. in a report on Friday. Finally, Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Stock Up 1.7%

JPM stock traded up $4.41 during midday trading on Tuesday, reaching $265.12. The company had a trading volume of 7,457,216 shares, compared to its average volume of 9,577,106. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. 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 company has a market capitalization of $736.79 billion, a P/E ratio of 13.43, a PEG ratio of 2.83 and a beta of 1.07. The company has a 50 day moving average of $244.31 and a two-hundred day moving average of $248.58.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel now owns 68,757 shares in the company, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director now owns 91,539 shares of the company's stock, valued at approximately $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 in the last quarter. 0.47% of the stock is currently owned by corporate 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.