Sequoia Financial Advisors LLC Purchases 29,460 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Sequoia Financial Advisors LLC increased its JPMorgan Chase stake by 8.1% in the fourth quarter, buying 29,460 additional shares and bringing its total holding to 393,983 shares worth about $126.9 million.
• JPMorgan has a split analyst view: 15 analysts rate it a Buy and 15 rate it Hold, giving the stock a consensus Moderate Buy rating with an average price target of $338.12.
• The bank recently beat earnings expectations, reporting $5.94 EPS on revenue of $50.54 billion, while also paying a quarterly dividend of $1.50 per share for a 2.0% annual yield.

Sequoia Financial Advisors LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,983 shares of the financial services provider's stock after acquiring an additional 29,460 shares during the period. Sequoia Financial Advisors LLC's holdings in JPMorgan Chase & Co. were worth $126,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mountain Hill Investment Partners Corp. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $32,000. Turning Point Benefit Group Inc. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $35,000. Cresta Advisors Ltd. bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $48,000. Miller Global Investments LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $52,000. Finally, Collier Financial bought a new stake in JPMorgan Chase & Co. in the 3rd quarter worth approximately $60,000. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Barclays reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, May 6th. Wells Fargo & Company cut their target price on shares of JPMorgan Chase & Co. from $360.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, February 17th. DZ Bank reaffirmed a "neutral" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Argus lifted their target price on shares of JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Finally, Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.12.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 9,136 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $306.56, for a total transaction of $2,800,732.16. Following the transaction, the chief operating officer owned 90,001 shares in the company, valued at approximately $27,590,706.56. The trade was a 9.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 433 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $295.06, for a total transaction of $127,760.98. Following the transaction, the insider owned 64,920 shares in the company, valued at approximately $19,155,295.20. This trade represents a 0.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,849 shares of company stock worth $24,522,956 in the last 90 days. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Stock Down 0.7%

JPM opened at $297.93 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 0.86. JPMorgan Chase & Co. has a fifty-two week low of $256.00 and a fifty-two week high of $337.25. The firm's fifty day moving average is $299.67 and its 200 day moving average is $307.32. The stock has a market cap of $798.31 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 earnings per share for the quarter, beating analysts' consensus estimates of $5.50 by $0.44. JPMorgan Chase & Co. had a net margin of 20.66% and a return on equity of 17.54%. The company had revenue of $50.54 billion for the quarter, compared to analysts' expectations of $48.30 billion. During the same quarter in the previous year, the company earned $5.07 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 22.43 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were paid a dividend of $1.50 per share. The ex-dividend date was Monday, April 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.'s payout ratio is 28.74%.

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorganChase declared dividends on its Series II, OO and PP preferred stock, signaling continued capital return and financial stability. JPMorganChase Declares Preferred Stock Dividends
• Positive Sentiment: Reuters reported that JPMorgan’s long-running push into early-stage tech banking is paying off, with the firm now leading global technology investment banking and winning business from startup clients early in their growth cycle. JPMorgan's bet on early-stage companies pays off in leading global tech investment banking
• Positive Sentiment: Chase continued expanding its branch network, opening 18 new branches in May as part of a multibillion-dollar expansion, which supports deposit gathering and retail growth over time. Chase Opens 18 Branches in May Amid Multibillion-Dollar Expansion

About JPMorgan Chase & Co.

JPMorgan Chase & Co NYSE: JPM is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm's principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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