Pinnacle Financial Group LLC IL Has $335,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pinnacle Financial Group LLC IL grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 29.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,396 shares of the financial services provider’s stock after purchasing an additional 314 shares during the period. Pinnacle Financial Group LLC IL’s holdings in JPMorgan Chase & Co. were worth $335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $34,000. Investment Counsel Co. of Nevada acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $37,000. Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now directly owns 50,197 shares of the company’s stock, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel now directly owns 68,757 shares of the company’s stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 in the last ninety days. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $261.09 on Thursday. The stock has a market capitalization of $725.60 billion, a P/E ratio of 13.23, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $242.84 and a two-hundred day moving average price of $247.77.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.44 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.14%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Cowen assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, May 14th. They issued a “buy” rating for the company. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $295.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Robert W. Baird raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.20.

About JPMorgan Chase & Co.

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.