Capital Advisors Inc. OK grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,645 shares of the financial services provider’s stock after purchasing an additional 9,470 shares during the quarter. JPMorgan Chase & Co. comprises about 1.6% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 12th biggest position. Capital Advisors Inc. OK’s holdings in JPMorgan Chase & Co. were worth $59,766,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Adirondack Retirement Specialists Inc. lifted its holdings in JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the last quarter. Boulder Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the sale, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the transaction, the insider now owns 195,356 shares in the company, valued at $26,373,060. 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 quarter. 0.79% of the stock is owned by company insiders.
JPMorgan Chase & Co. Trading Down 0.7 %
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.63 EPS. As a group, equities analysts expect that JPMorgan Chase & Co. will post 14.54 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on JPM shares. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Barclays dropped their price objective on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th. The Goldman Sachs Group increased their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, April 17th. Finally, Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. 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, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $157.35.
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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