1,080 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Retirement Planning Group LLC NY

Retirement Planning Group LLC NY acquired a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,080 shares of the financial services provider's stock, valued at approximately $259,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $471,000. Disciplined Investments LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $217,000. LGT Group Foundation lifted its position in JPMorgan Chase & Co. by 2.8% during the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after acquiring an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. lifted its position in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after acquiring an additional 4,375 shares during the last quarter. Finally, Jag Capital Management LLC lifted its position in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock worth $353,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $4.41 during mid-day trading on Tuesday, hitting $265.12. The company's stock had a trading volume of 7,457,216 shares, compared to its average volume of 9,577,106. The company has a market capitalization of $736.79 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.83 and a beta of 1.07. The stock has a fifty day moving average of $244.31 and a 200-day moving average of $248.58. 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. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $4.44 earnings per share. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS 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. Stockholders of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. TD Securities boosted their target price on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. 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. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday. Piper Sandler reaffirmed an "overweight" rating and set a $295.00 price objective (up previously from $260.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $285.00 price objective (up previously from $255.00) on shares of JPMorgan Chase & Co. 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 stock has an average rating of "Moderate Buy" and an average target price of $266.65.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,272 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the transaction, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This trade represents a 15.78% 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 over the last three months. 0.47% of the stock is 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.