Mendel Capital Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,490 shares of the financial services provider’s stock after buying an additional 163 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.3% of Mendel Capital Management LLC’s holdings, making the stock its 15th biggest position. Mendel Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,273,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in JPMorgan Chase & Co. by 23.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after buying an additional 5,978,393 shares in the last quarter. Legal & General Group Plc increased its stake in JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock worth $2,382,439,000 after buying an additional 847,094 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.1 %
Shares of NYSE JPM opened at $127.61 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $375.60 billion, a P/E ratio of 10.56, a PEG ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The firm has a 50-day simple moving average of $136.37 and a two-hundred day simple moving average of $130.41.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.
Insiders Place Their Bets
In related news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, 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 legal filing with the SEC, which is accessible through this link. In other news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 over the last 90 days. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on JPM shares. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays raised their price objective on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Finally, Credit Suisse Group set a $155.00 price objective on JPMorgan Chase & Co. in a research report on Monday, February 27th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $149.33.
About JPMorgan Chase & Co.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- Penny Stock Wag! Group Co. Has Solid Sell-Side Support
- Staples Stocks Get Lift From Conagra Results, New Highs In Sight
- SGH Bottomed, But Can It Reverse And Move Higher?
- Is Pinterest Showing Signs of an Improving Ad Market?
- At 3x Earnings, Avis Budget Is Worth Taking for a Spin
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
