Minot DeBlois Advisors LLC Invests $54,000 in JPMorgan Chase & Co. (NYSE:JPM)

Minot DeBlois Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, Holdings Channel.com reports. The fund acquired 225 shares of the financial services provider’s stock, valued at approximately $54,000.

A number of other hedge funds also recently made changes to their positions in JPM. Miura Global Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $1,678,000. Napa Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $1,019,000. NDVR Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the 4th quarter. NDVR Inc. now owns 2,082 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 57 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of JPMorgan Chase & Co. by 2.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 310,272 shares of the financial services provider’s stock valued at $74,375,000 after purchasing an additional 6,064 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its holdings in shares of JPMorgan Chase & Co. by 3.7% during the 4th quarter. MJP Associates Inc. ADV now owns 15,015 shares of the financial services provider’s stock valued at $3,599,000 after purchasing an additional 541 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JPM. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. UBS Group boosted their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research report on Monday, April 14th. Bank of America dropped their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $255.67.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction that occurred 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 approximately $13,606,323.93. This trade represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer now owns 18,017 shares of the company’s stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $262.92 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average price of $238.77 and a 200-day moving average price of $246.19. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The firm has a market capitalization of $730.68 billion, a PE ratio of 13.32, a P/E/G ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate 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 revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.44 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a $1.40 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.13%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

JPMorgan Chase & Co. 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.