Transatlantique Private Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 44.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,300 shares of the financial services provider’s stock after purchasing an additional 6,209 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Transatlantique Private Wealth LLC’s holdings, making the stock its 7th biggest holding. Transatlantique Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Lakes Capital Management LLC increased 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 increased its stake in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 71 shares during the period. Oxler Private Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.4% in the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 73 shares in the last quarter. Finally, Gould Asset Management LLC CA boosted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after acquiring an additional 75 shares in the last quarter. 70.10% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Trading Up 0.5 %
JPMorgan Chase & Co. stock opened at $156.76 on Tuesday. The company has a 50 day moving average price of $146.36 and a 200 day moving average price of $139.84. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $458.10 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 2.05 and a beta of 1.10.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were given a $1.00 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.55%. JPMorgan Chase & Co.’s dividend payout ratio is 25.74%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. stock in a transaction dated 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 in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now owns 45,056 shares in the company, valued at $6,083,461.12. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 in the last ninety days. Insiders own 0.79% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $149.00 to $165.00 in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.39.
Check Out Our Latest Research Report on JPMorgan Chase & Co.
About JPMorgan Chase & Co.
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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