Walter Public Investments Inc. Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Walter Public Investments Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,802 shares of the financial services provider’s stock after buying an additional 594 shares during the period. JPMorgan Chase & Co. makes up 3.0% of Walter Public Investments Inc.’s investment portfolio, making the stock its 21st biggest holding. Walter Public Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $8,444,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of JPMorgan Chase & Co. by 81.1% during 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 in the last quarter. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the transaction, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the transaction, the chief executive officer now owns 533,795 shares in the company, valued at $61,797,447.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold 41,964 shares of company stock worth $4,936,426 over the last 90 days. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Piper Sandler assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, December 8th. They set an “overweight” rating and a $150.00 price objective for the company. UBS Group set a $124.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, October 18th. Morgan Stanley raised shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $126.00 to $153.00 in a research note on Tuesday, December 6th. Finally, Credit Suisse Group set a $150.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 6th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.39.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $139.49 on Friday. The firm’s 50-day moving average price is $133.81 and its two-hundred day moving average price is $121.64. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $169.81. The stock has a market capitalization of $409.15 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.16 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm had revenue of $32.72 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter in the previous year, the company earned $3.74 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 11.69 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.

JPMorgan Chase & Co. Company 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.