HCR Wealth Advisors Has $4.91 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

HCR Wealth Advisors raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 49.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,861 shares of the financial services provider’s stock after acquiring an additional 9,571 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of HCR Wealth Advisors’ portfolio, making the stock its 21st biggest position. HCR Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $4,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of JPM. ProVise Management Group LLC raised its stake in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. ProVise Management Group LLC now owns 122,148 shares of the financial services provider’s stock worth $20,777,000 after buying an additional 1,698 shares during the last quarter. Halter Ferguson Financial Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $301,000. Team Hewins LLC grew its stake in shares of JPMorgan Chase & Co. by 5.8% during the 4th quarter. Team Hewins LLC now owns 26,392 shares of the financial services provider’s stock worth $4,489,000 after acquiring an additional 1,439 shares in the last quarter. Cypress Asset Management Inc. TX bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $10,506,000. Finally, Avantax Planning Partners Inc. boosted its position in JPMorgan Chase & Co. by 23.9% during the fourth quarter. Avantax Planning Partners Inc. now owns 58,073 shares of the financial services provider’s stock valued at $9,878,000 after purchasing an additional 11,214 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Robert W. Baird upped their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $194.10.

JPMorgan Chase & Co. Stock Up 1.9 %

NYSE JPM traded up $3.79 on Friday, hitting $200.71. 7,356,233 shares of the company were exchanged, compared to its average volume of 8,712,340. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $576.37 billion, a PE ratio of 12.12, a PEG ratio of 2.72 and a beta of 1.13. The stock has a fifty day moving average of $194.71 and a 200-day moving average of $178.29. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.32 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.29%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Activity

In related news, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 249,399 shares of company stock worth $46,713,667 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.