Wade G W & Inc. Has $28.08 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Wade G W & Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 209,405 shares of the financial services provider’s stock after purchasing an additional 14,392 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.2% of Wade G W & Inc.’s investment portfolio, making the stock its 19th largest holding. Wade G W & Inc.’s holdings in JPMorgan Chase & Co. were worth $28,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. VitalStone Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $58,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on JPM shares. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research report on Monday, April 17th. Finally, Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.65.

Insider Activity

In other news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the transaction, the insider now directly owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders sold 136,578 shares of company stock valued at $18,543,247 in the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM traded up $1.32 during mid-day trading on Friday, reaching $136.99. 2,679,405 shares of the company’s stock were exchanged, compared to its average volume of 12,757,546. The firm has a 50-day moving average price of $133.88 and a two-hundred day moving average price of $135.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $400.32 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.63 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.