First Horizon Advisors Inc. Has $40.62 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First Horizon Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,782 shares of the financial services provider’s stock after purchasing an additional 1,752 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of First Horizon Advisors Inc.’s portfolio, making the stock its 8th largest position. First Horizon Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $40,617,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Etfidea LLC raised its position in JPMorgan Chase & Co. by 5.4% in the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC raised its position in JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 6,521 shares during the last quarter. Sutton Place Investors LLC lifted its holdings in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after buying an additional 8,412 shares during the period. Alley Investment Management Company LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after buying an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after acquiring an additional 23,894 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of NYSE JPM opened at $195.63 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50-day moving average price of $191.74 and a 200-day moving average price of $173.16. The stock has a market capitalization of $561.78 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $133.13 and a 1 year high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The business 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%. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.35%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. In the last three months, insiders sold 1,063,506 shares of company stock valued at $195,024,605. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Piper Sandler decreased their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.05.

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.