Connors Investor Services Inc. Buys 2,612 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Connors Investor Services Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,723 shares of the financial services provider's stock after buying an additional 2,612 shares during the quarter. JPMorgan Chase & Co. comprises 1.6% of Connors Investor Services Inc.'s holdings, making the stock its 19th biggest position. Connors Investor Services Inc.'s holdings in JPMorgan Chase & Co. were worth $17,193,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth $43,000. Finally, Prudent Man Investment Management Inc. acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. 71.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Finally, StockNews.com raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $255.67.

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 4,272 shares of JPMorgan Chase & Co. stock in a transaction 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 sale, the chief operating officer now directly owns 50,197 shares of the company's stock, valued at $12,400,164.91. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,545 shares of company stock worth $19,149,144. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $5.67 during trading on Friday, hitting $252.56. 7,163,689 shares of the company's stock traded hands, compared to its average volume of 9,657,095. The stock has a market capitalization of $702.87 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 2.83 and a beta of 1.01. 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 business has a 50 day moving average of $239.07 and a 200-day moving average of $244.37. JPMorgan Chase & Co. has a 12-month low of $188.46 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter last year, the company earned $4.44 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) 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.