Parr Mcknight Wealth Management Group LLC Purchases Shares of 46,552 JPMorgan Chase & Co. (NYSE:JPM)

Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,552 shares of the financial services provider's stock, valued at approximately $11,159,000. JPMorgan Chase & Co. makes up 1.6% of Parr Mcknight Wealth Management Group LLC's investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WCG Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. WCG Wealth Advisors LLC now owns 34,030 shares of the financial services provider's stock worth $8,157,000 after acquiring an additional 267 shares in the last quarter. Pacific Point Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $916,000. Hudson Value Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 3.8% in the 4th quarter. Hudson Value Partners LLC now owns 15,565 shares of the financial services provider's stock worth $3,731,000 after acquiring an additional 577 shares in the last quarter. Vega Investment Solutions bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $2,600,000. Finally, Helium Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $984,000. Institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,594 shares of company stock worth $23,991,061. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday. Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $295.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, KGI Securities started coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and a consensus price target of $266.20.

JPMorgan Chase & Co. Stock Down 0.2%

Shares of NYSE JPM opened at $260.50 on Friday. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm's 50 day simple moving average is $243.37 and its two-hundred day simple moving average is $248.05. The stock has a market capitalization of $723.95 billion, a P/E ratio of 13.20, a PEG ratio of 2.83 and a beta of 1.07.

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 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $43.62 billion. During the same period last year, the business earned $4.44 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

JPMorgan Chase & Co. Company 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.

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