Northstar Financial Companies Inc. Acquires Shares of 3,099 JPMorgan Chase & Co. (NYSE:JPM)

Northstar Financial Companies Inc. purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,099 shares of the financial services provider's stock, valued at approximately $743,000.

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

JPMorgan Chase & Co. Stock Down 0.2%

Shares of NYSE:JPM traded down $0.40 during trading on Friday, hitting $263.97. 10,976,619 shares of the company were exchanged, compared to its average volume of 9,584,167. The stock has a market cap of $733.60 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The firm has a fifty day moving average price of $245.86 and a two-hundred day moving average price of $249.13. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.44 EPS. As a group, research analysts anticipate 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 declared 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. This represents a $5.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JPM. KGI Securities began coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a "hold" rating on the stock. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $285.00 price objective (up previously from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial set a $270.00 price objective on JPMorgan Chase & Co. in a report on Friday, May 23rd. Finally, Piper Sandler reiterated an "overweight" rating and set a $295.00 price objective (up previously from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $266.65.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now directly owns 36,520 shares of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business's 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 transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock valued at $23,991,061 in the last 90 days. 0.47% of the stock is currently owned by insiders.

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.