Heck Capital Advisors LLC Acquires New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Heck Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,611 shares of the financial services provider's stock, valued at approximately $3,503,000.

Several other institutional investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the stock in a transaction 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 directly owns 50,197 shares in the company, valued at approximately $12,400,164.91. This represents a 7.84% 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 valued at $23,991,061 over the last ninety days. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. TD Securities upped their target price on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and set a $295.00 target price (up from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Wall Street Zen raised JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley increased their price target on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $266.65.

JPMorgan Chase & Co. Trading Up 1.7%

Shares of JPMorgan Chase & Co. stock traded up $4.41 during midday trading on Tuesday, reaching $265.12. 7,499,634 shares of the company's stock traded hands, compared to its average volume of 9,577,226. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $736.79 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The stock has a 50 day moving average of $244.31 and a 200-day moving average of $248.58. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued 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. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.44 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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