Colton Groome Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,690 shares of the financial services provider’s stock, valued at approximately $611,000.
Other institutional investors have also modified their holdings of the company. Cantor Fitzgerald Investment Advisor L.P raised its position in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at approximately $2,455,000. LSV Asset Management raised its position in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its position in JPMorgan Chase & Co. by 70.8% in the 1st 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 last quarter. Finally, Lumature Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the last quarter. Institutional investors own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $145.44 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s fifty day moving average price is $138.75 and its two-hundred day moving average price is $136.76. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $146.00. The firm has a market cap of $425.02 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.92 and a beta of 1.10.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 29.52%.
Insider Transactions at JPMorgan Chase & Co.
In other news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total transaction of $350,929.98. Following the sale, the insider now directly owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the sale, the insider now directly owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the sale, the insider now owns 41,333 shares of the company’s stock, valued at $5,844,072.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
JPM has been the topic of a number of recent research reports. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Finally, Credit Suisse Group upped their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.35.
JPMorgan Chase & Co. 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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