Atlas Private Wealth Management grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,305 shares of the financial services provider’s stock after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Atlas Private Wealth Management’s investment portfolio, making the stock its 14th biggest holding. Atlas Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,125,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P grew its holdings in JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $2,455,000. LSV Asset Management boosted its stake in shares of JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC raised its stake in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Stock Up 2.9 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the prior year, the firm posted $3.33 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 12.88 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is 33.11%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.28.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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