Sugarloaf Wealth Management LLC Purchases 619 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Sugarloaf Wealth Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,470 shares of the financial services provider’s stock after purchasing an additional 619 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.6% of Sugarloaf Wealth Management LLC’s holdings, making the stock its 25th largest holding. Sugarloaf Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,821,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Allen Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 3.4% in the 4th quarter. Allen Investment Management LLC now owns 10,670 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 351 shares during the last quarter. Canton Hathaway LLC boosted its position in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. Canton Hathaway LLC now owns 21,934 shares of the financial services provider’s stock worth $2,787,000 after purchasing an additional 339 shares during the last quarter. Corundum Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 19.6% in the 4th quarter. Corundum Group Inc. now owns 4,569 shares of the financial services provider’s stock worth $581,000 after purchasing an additional 749 shares during the last quarter. Monte Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Monte Financial Group LLC now owns 15,784 shares of the financial services provider’s stock worth $2,006,000 after purchasing an additional 108 shares during the last quarter. Finally, Grove Bank & Trust boosted its position in shares of JPMorgan Chase & Co. by 8.2% in the 4th quarter. Grove Bank & Trust now owns 22,331 shares of the financial services provider’s stock worth $2,838,000 after purchasing an additional 1,694 shares during the last quarter. Institutional investors and hedge funds own 69.02% of the company’s stock.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. Also, EVP Marianne Lake sold 15,808 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $120.01, for a total transaction of $1,897,118.08. Insiders own 0.78% of the company’s stock.

JPM has been the topic of several recent analyst reports. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $152.00 in a report on Thursday, January 7th. Barclays lifted their target price on JPMorgan Chase & Co. from $164.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, January 19th. Daiwa Capital Markets initiated coverage on JPMorgan Chase & Co. in a report on Wednesday, January 6th. They set an “outperform” rating and a $139.00 target price on the stock. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a report on Monday, February 1st. Finally, Bank of America upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Wednesday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $129.16.

Shares of JPM stock opened at $141.25 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.16. The stock has a market cap of $430.56 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The stock has a 50 day simple moving average of $133.28 and a 200 day simple moving average of $112.56. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $142.75.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Thursday, January 14th. The financial services provider reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $1.17. The business had revenue of $29.22 billion during the quarter, compared to analysts’ expectations of $28.74 billion. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 7.83 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, January 31st. Investors of record on Wednesday, January 6th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

JPMorgan Chase & Co. Company Profile

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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