Wilkins Miller Wealth Management LLC Purchases New Position in JPMorgan Chase & Co. (NYSE:JPM)

Wilkins Miller Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,714 shares of the financial services provider's stock, valued at approximately $1,370,000. JPMorgan Chase & Co. makes up about 1.4% of Wilkins Miller Wealth Management LLC's holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $471,000. Disciplined Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $217,000. LGT Group Foundation boosted 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 valued at $126,040,000 after buying an additional 14,300 shares during the period. Kinsale Capital Group Inc. grew its holdings in JPMorgan Chase & Co. by 11.1% in 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 increased its holdings 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 valued at $353,000 after purchasing an additional 140 shares during the period. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $4.41 on Tuesday, hitting $265.12. 7,499,634 shares of the company's stock were exchanged, compared to its average volume of 9,577,226. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company has a 50-day simple moving average of $244.31 and a 200-day simple moving average of $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. The stock has a market capitalization of $736.79 billion, a PE ratio of 13.43, a PEG ratio of 2.83 and a beta of 1.07.

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 (EPS) 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 firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders 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 2.11%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Insider Transactions 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 transaction of $1,755,811.68. Following the completion of the transaction, the general counsel now directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's 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. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on JPM shares. Royal Bank of Canada restated an "outperform" rating and issued a $285.00 price objective (up from $255.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial set a $270.00 price target on JPMorgan Chase & Co. in a research note on Friday. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $295.00 target price (up 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $266.65.

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.