Northside Capital Management LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Northside Capital Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the financial services provider’s stock after acquiring an additional 250 shares during the period. Northside Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,678,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Financial Enhancement Group LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $561,000. West Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 244.6% in the 4th quarter. West Financial Advisors LLC now owns 603 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 428 shares during the period. Flywheel Private Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $582,000. Winch Advisory Services LLC boosted its stake in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Winch Advisory Services LLC now owns 24,421 shares of the financial services provider’s stock worth $5,854,000 after purchasing an additional 120 shares during the period. Finally, Smith Thornton Advisors LLC grew its position in JPMorgan Chase & Co. by 31.4% during the 4th quarter. Smith Thornton Advisors LLC now owns 4,875 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $259.46 on Friday. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $260.62. The company has a market capitalization of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. The business has a 50 day moving average price of $243.06 and a 200 day moving average price of $223.93. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.04 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research reports. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday. Daiwa Capital Markets decreased their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Truist Financial increased their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.