Atlas Private Wealth Management raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,272 shares of the financial services provider’s stock after acquiring an additional 967 shares during the quarter. JPMorgan Chase & Co. makes up about 1.9% of Atlas Private Wealth Management’s investment portfolio, making the stock its 12th largest holding. Atlas Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,163,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares during the last quarter. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock worth $6,859,512,000 after buying an additional 1,082,325 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after buying an additional 12,654,947 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
Insider Activity at JPMorgan Chase & Co.
In related news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the insider now directly owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the insider now directly owns 195,356 shares in the company, valued at $26,373,060. 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 insiders.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. During the same period last year, the firm earned $2.76 EPS. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 14.39 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on JPM. Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 18th. They set a “hold” rating for the company. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Finally, BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $161.44.
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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