LifeWealth Investments LLC Purchases Shares of 1,722 JPMorgan Chase & Co. (NYSE:JPM)

LifeWealth Investments LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,722 shares of the financial services provider's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares during the last quarter. Capital & Planning LLC grew its stake in JPMorgan Chase & Co. by 13.3% during the fourth quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after buying an additional 276 shares during the last quarter. JBGlobal.com LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $202,000. Fort Washington Investment Advisors Inc. OH grew its stake in JPMorgan Chase & Co. by 6.7% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 194,855 shares of the financial services provider's stock worth $46,709,000 after buying an additional 12,266 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. grew its stake in JPMorgan Chase & Co. by 69.2% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 22,000 shares of the financial services provider's stock worth $5,274,000 after buying an additional 9,000 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $295.00 price objective (up from $260.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Robert W. Baird upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Morgan Stanley upped 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 research report on Tuesday, May 20th. Finally, Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Stock Up 1.7%

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

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 for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.44 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the completion of the transaction, the general counsel now owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,594 shares of company stock valued at $23,991,061. Corporate insiders own 0.47% of the company's stock.

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.