JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Rovin Capital UT ADV

Rovin Capital UT ADV raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,285 shares of the financial services provider’s stock after acquiring an additional 385 shares during the quarter. Rovin Capital UT ADV’s holdings in JPMorgan Chase & Co. were worth $343,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of 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 purchasing an additional 99,636 shares during the period. BCK Partners Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its position in shares of 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 purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its position in shares of 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 purchasing an additional 3,527 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 2,000 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the sale, the insider now owns 19,031 shares in the company, valued at approximately $2,380,207.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,964 shares of company stock worth $4,936,426. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $137.37 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $169.81. The company has a market capitalization of $402.93 billion, a P/E ratio of 11.60, a PEG ratio of 2.16 and a beta of 1.13. The business has a 50 day moving average price of $133.10 and a 200 day moving average price of $121.24. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period last year, the business posted $3.74 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.69 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

Analyst Ratings Changes

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $145.00 in a research note on Friday. Morgan Stanley raised JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $126.00 to $153.00 in a research note on Tuesday, December 6th. Citigroup upped their price objective on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, December 12th. Credit Suisse Group set a $150.00 price objective on JPMorgan Chase & Co. in a research note on Friday. Finally, UBS Group set a $124.00 price objective on JPMorgan Chase & Co. in a research note on Tuesday, October 18th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.39.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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