Leigh Baldwin & CO. LLC Buys Shares of 2,877 JPMorgan Chase & Co. (NYSE:JPM)

Leigh Baldwin & CO. LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,877 shares of the financial services provider's stock, valued at approximately $690,000.

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

JPMorgan Chase & Co. Stock Up 1.7%

Shares of NYSE:JPM traded up $4.41 during trading on Tuesday, hitting $265.12. 7,499,634 shares of the company were exchanged, compared to its average volume of 9,577,226. The stock 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 debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12-month low of $190.88 and a 12-month high of $280.25. The firm's 50 day moving average price is $244.31 and its 200-day moving average price is $248.58.

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 analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.44 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 dividend payout ratio is currently 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JPM. Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial set a $270.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Piper Sandler reiterated an "overweight" rating and set a $295.00 price target (up from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and an average price target of $266.65.

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.