Financial Advisory Corp Makes New $282,000 Investment in JPMorgan Chase & Co. (NYSE:JPM)

Financial Advisory Corp bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,174 shares of the financial services provider's stock, valued at approximately $282,000.

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

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $0.20 during midday trading on Thursday, reaching $263.69. 2,257,571 shares of the stock traded hands, compared to its average volume of 9,543,224. The stock's fifty day moving average is $245.28 and its 200-day moving average is $248.79. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market cap of $732.82 billion, a P/E ratio of 13.37, a PEG ratio of 2.83 and a beta of 1.07. 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 issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the prior year, the business posted $4.44 earnings per share. The company's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. 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 2.12%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the sale, the general counsel now owns 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock worth $23,991,061 over the last ninety days. Company insiders own 0.47% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on JPM. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Truist Financial set a $270.00 target price on JPMorgan Chase & Co. in a research report on Friday, May 23rd. Piper Sandler reissued an "overweight" rating and issued a $295.00 price target (up from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $285.00 price target (up from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $266.65.

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.