Hall Capital Management Co. Inc. Takes Position in JPMorgan Chase & Co. (NYSE:JPM)

Hall Capital Management Co. Inc. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,039 shares of the financial services provider's stock, valued at approximately $6,721,000. JPMorgan Chase & Co. makes up 3.1% of Hall Capital Management Co. Inc.'s portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $43,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The transaction 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 JPMorgan Chase & Co. 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. This represents 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 in the last ninety days. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JPM has been the subject of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective 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. Finally, Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $266.65.

JPMorgan Chase & Co. Price Performance

JPM traded up $4.41 during trading on Tuesday, reaching $265.12. 7,499,634 shares of the company were exchanged, compared to its average volume of 9,577,226. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The company's 50-day moving average is $244.31 and its two-hundred day moving average is $248.58. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $736.79 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the firm posted $4.44 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

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.