NorthRock Partners LLC Has $12.79 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

NorthRock Partners LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 96.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,354 shares of the financial services provider's stock after acquiring an additional 26,201 shares during the period. NorthRock Partners LLC's holdings in JPMorgan Chase & Co. were worth $12,789,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Northwest Quadrant Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $320,000. OMERS ADMINISTRATION Corp lifted its stake in shares of JPMorgan Chase & Co. by 41.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,521,951 shares of the financial services provider's stock worth $364,827,000 after purchasing an additional 442,925 shares during the period. Obermeyer Wealth Partners lifted its stake in shares of JPMorgan Chase & Co. by 1.9% during the 4th quarter. Obermeyer Wealth Partners now owns 34,622 shares of the financial services provider's stock worth $8,299,000 after purchasing an additional 644 shares during the period. Measured Risk Portfolios Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $44,000. Finally, Minot DeBlois Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $54,000. Institutional investors and hedge funds own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.1%

Shares of JPM stock traded up $0.16 during trading hours on Friday, hitting $267.65. 8,920,049 shares of the company were exchanged, compared to its average volume of 9,647,445. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The business's 50-day simple moving average is $240.72 and its two-hundred day simple moving average is $247.08. The stock has a market capitalization of $743.83 billion, a price-to-earnings ratio of 13.56, a P/E/G 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, topping the consensus estimate 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 quarter last year, the company posted $4.44 earnings per share. The company's quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were issued a $1.40 dividend. The ex-dividend date was Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.09%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Thursday. They set a "buy" rating and a $305.00 price target on the stock. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research note on Monday, April 14th. UBS Group upped their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Evercore ISI lowered their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.26.

Insiders Place Their Bets

In other JPMorgan Chase & Co. 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 sale, 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 can be accessed through this link. Also, Director Linda Bammann sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the sale, the director now owns 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,188 shares of company stock valued at $33,095,363 over the last quarter. Insiders own 0.47% of the company's stock.

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.