JPMorgan Chase & Co. $JPM Stock Position Raised by Hicks Capital Management LLC

Hicks Capital Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,347 shares of the financial services provider’s stock after purchasing an additional 357 shares during the period. JPMorgan Chase & Co. makes up approximately 7.0% of Hicks Capital Management LLC’s holdings, making the stock its 3rd largest position. Hicks Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in JPM. Brighton Jones LLC grew its stake in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the period. Acorns Advisers LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 100 shares during the period. Rice Partnership LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. Rice Partnership LLC now owns 97,254 shares of the financial services provider’s stock worth $23,856,000 after buying an additional 3,208 shares during the last quarter. Pure Portfolios Holdings LLC grew its position in JPMorgan Chase & Co. by 31.9% during the first quarter. Pure Portfolios Holdings LLC now owns 1,261 shares of the financial services provider’s stock valued at $309,000 after buying an additional 305 shares during the period. Finally, Traveka Wealth LLC grew its position in JPMorgan Chase & Co. by 2.8% during the first quarter. Traveka Wealth LLC now owns 6,756 shares of the financial services provider’s stock valued at $1,657,000 after buying an additional 186 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JPM. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Wolfe Research raised their target price on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays boosted their price target on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. KGI Securities raised their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Truist Financial lifted their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $326.38.

JPMorgan Chase & Co. Stock Up 0.3%

NYSE JPM opened at $314.30 on Monday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $318.01. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $855.62 billion, a PE ratio of 15.57, a P/E/G ratio of 1.84 and a beta of 1.14. The stock’s 50 day moving average is $306.18 and its 200 day moving average is $287.61.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter last year, the business posted $4.37 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were issued a $1.50 dividend. The ex-dividend date was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 966 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.