Mutual Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,352 shares of the financial services provider’s stock after purchasing an additional 1,446 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.5% of Mutual Advisors LLC’s portfolio, making the stock its 29th biggest position. Mutual Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $11,253,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Twin Lakes Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 71 shares during the period. Karpas Strategies LLC lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after acquiring an additional 71 shares during the period. Oxler Private Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 73 shares during the period. Finally, Gould Asset Management LLC CA increased its stake in JPMorgan Chase & Co. by 1.2% in the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $138.80 on Friday. The business’s 50-day moving average price is $138.71 and its 200 day moving average price is $136.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a market capitalization of $405.61 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Barclays lowered their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. Finally, Evercore ISI cut their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.65.
Insider Transactions at JPMorgan Chase & Co.
In related news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the transaction, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the completion of the sale, the insider now owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders sold a total of 145,861 shares of company stock worth $19,858,275 in the last ninety days. Insiders own 0.79% of the company’s stock.
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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