Fulcrum Equity Management Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Fulcrum Equity Management raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 41.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,995 shares of the financial services provider’s stock after purchasing an additional 883 shares during the period. Fulcrum Equity Management’s holdings in JPMorgan Chase & Co. were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JPM. Stone House Investment Management LLC grew its stake in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. Richardson Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at approximately $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $35,000. Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $36,000. Finally, Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $194.10.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now owns 44,113 shares in the company, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 1,081,127 shares of company stock worth $198,695,364 over the last three months. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.6 %

Shares of NYSE:JPM traded down $1.23 on Wednesday, hitting $198.29. 9,420,618 shares of the company’s stock were exchanged, compared to its average volume of 9,329,456. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88. The stock has a market capitalization of $569.42 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. The business’s 50 day simple moving average is $194.32 and its two-hundred day simple moving average is $177.52. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. Analysts anticipate that JPMorgan Chase & Co. will post 16.28 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

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.