JPMorgan Chase & Co. $JPM Shares Bought by Security Financial Services INC.

Security Financial Services INC. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,811 shares of the financial services provider’s stock after acquiring an additional 3,168 shares during the quarter. Security Financial Services INC.’s holdings in JPMorgan Chase & Co. were worth $3,726,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its position 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 worth $11,682,000 after purchasing an additional 4,841 shares during the period. Acorns Advisers LLC raised its position in JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 100 shares during the period. Axiom Investors LLC DE lifted its stake in JPMorgan Chase & Co. by 84.8% during the first quarter. Axiom Investors LLC DE now owns 1,719,115 shares of the financial services provider’s stock worth $421,699,000 after purchasing an additional 788,831 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter worth $184,000. Finally, Palo Alto Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 13.9% during the first quarter. Palo Alto Wealth Advisors LLC now owns 4,042 shares of the financial services provider’s stock worth $1,063,000 after buying an additional 494 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JPM shares. Daiwa Capital Markets lifted their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley set a $331.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, December 9th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $332.00 to $336.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group cut their price objective on JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating on the stock in a research report on Friday, December 5th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $329.19.

Insider Activity

In other news, insider Robin Leopold sold 966 shares of the company’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 directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.4%

NYSE JPM opened at $327.82 on Friday. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $330.86. The firm has a 50 day moving average of $310.27 and a two-hundred day moving average of $300.36. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $892.40 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.83 by $0.24. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $4.37 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is 29.72%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.