Integrity Wealth Solutions LLC Purchases 167 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Integrity Wealth Solutions LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,296 shares of the financial services provider’s stock after acquiring an additional 167 shares during the quarter. Integrity Wealth Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nilsine Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 4th quarter. Nilsine Partners LLC now owns 31,863 shares of the financial services provider’s stock worth $7,638,000 after acquiring an additional 1,603 shares during the last quarter. Berkshire Bank lifted its stake in JPMorgan Chase & Co. by 4.7% in the fourth quarter. Berkshire Bank now owns 38,823 shares of the financial services provider’s stock worth $9,306,000 after purchasing an additional 1,735 shares during the last quarter. Lebenthal Global Advisors LLC lifted its stake in JPMorgan Chase & Co. by 29.7% in the fourth quarter. Lebenthal Global Advisors LLC now owns 12,076 shares of the financial services provider’s stock worth $2,895,000 after purchasing an additional 2,764 shares during the last quarter. Baldwin Wealth Partners LLC MA grew its stake in shares of JPMorgan Chase & Co. by 3.8% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 93,805 shares of the financial services provider’s stock valued at $22,486,000 after buying an additional 3,398 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 13.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 128,304 shares of the financial services provider’s stock worth $30,756,000 after buying an additional 14,966 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of NYSE:JPM opened at $267.14 on Friday. 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 stock has a fifty day simple moving average of $247.91 and a two-hundred day simple moving average of $228.31. JPMorgan Chase & Co. has a 12-month low of $171.43 and a 12-month high of $270.82. The stock has a market capitalization of $752.09 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.87 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $251.78.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.