WD Rutherford LLC purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 21,770 shares of the financial services provider’s stock, valued at approximately $2,766,000. JPMorgan Chase & Co. comprises approximately 1.7% of WD Rutherford LLC’s portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SP Asset Management grew its position in JPMorgan Chase & Co. by 4.1% in the fourth quarter. SP Asset Management now owns 2,205 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 86 shares in the last quarter. Coe Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.9% in the 4th quarter. Coe Capital Management LLC now owns 22,767 shares of the financial services provider’s stock valued at $2,893,000 after purchasing an additional 1,262 shares during the last quarter. Resources Investment Advisors LLC. boosted its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Resources Investment Advisors LLC. now owns 43,546 shares of the financial services provider’s stock worth $5,576,000 after purchasing an additional 650 shares in the last quarter. Sei Investments Co. increased its position in JPMorgan Chase & Co. by 1.9% during the fourth quarter. Sei Investments Co. now owns 789,083 shares of the financial services provider’s stock worth $100,314,000 after buying an additional 14,727 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 60,133 shares of the financial services provider’s stock valued at $7,659,000 after buying an additional 248 shares in the last quarter. 69.02% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. Seaport Global Securities raised their price objective on JPMorgan Chase & Co. from $140.00 to $157.00 in a research note on Tuesday, January 19th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research note on Monday, February 1st. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a report on Monday, November 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “market perform” rating in a report on Monday, January 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average target price of $129.16.

NYSE JPM opened at $149.41 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $150.19. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. The stock has a market cap of $455.43 billion, a P/E ratio of 19.53, a PEG ratio of 2.87 and a beta of 1.23. The company’s 50-day simple moving average is $137.02 and its 200 day simple moving average is $114.93.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $1.17. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The business had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter last year, the company earned $2.57 EPS. JPMorgan Chase & Co.’s revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Tuesday, January 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.41%. JPMorgan Chase & Co.’s dividend payout ratio is presently 34.35%.

In related news, CEO Douglas B. Petno sold 22,011 shares of the stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. 0.78% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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