Nelson Van Denburg & Campbell Wealth Management Group LLC Buys 430 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,475 shares of the financial services provider’s stock after purchasing an additional 430 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,915,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Homestead Advisers Corp raised its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock valued at $131,217,000 after acquiring an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of JPMorgan Chase & Co. by 3.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock valued at $1,287,000 after buying an additional 407 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock valued at $70,038,000 after buying an additional 12,411 shares in the last quarter. TruWealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 8.5% in the 2nd quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock valued at $12,035,000 after buying an additional 8,332 shares in the last quarter. Finally, BerganKDV Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 6.1% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after buying an additional 2,079 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold a total of 41,964 shares of company stock valued at $4,936,426 in the last three months. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Piper Sandler initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, December 8th. They issued an “overweight” rating and a $150.00 price objective for the company. Credit Suisse Group set a $150.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 6th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. The Goldman Sachs Group reduced their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Finally, Citigroup upped their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $143.39.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPM stock opened at $138.60 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84. The firm’s 50-day moving average is $133.31 and its 200-day moving average is $121.39. The stock has a market cap of $406.54 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.16 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $169.81.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be issued a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.

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

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

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