JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by AJ Wealth Strategies LLC

AJ Wealth Strategies LLC grew its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 144.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,009 shares of the financial services provider’s stock after acquiring an additional 38,415 shares during the quarter. AJ Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $6,793,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HBC Financial Services PLLC increased its position in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. Financial Connections Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 48.5% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 100 shares during the last quarter. Horizons Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $39,000. Finally, New Millennium Group LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Mary E. Erdoes sold 33,515 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the transaction, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 33,515 shares of JPMorgan Chase & Co. stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. 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 quarter. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a report on Friday. Piper Sandler started coverage on JPMorgan Chase & Co. in a research note on Thursday, December 8th. They set an “overweight” rating and a $150.00 target price for the company. StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.17.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $143.01 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $161.03. The business has a fifty day moving average of $134.06 and a 200-day moving average of $121.87. The stock has a market cap of $419.48 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.14 by $0.43. The company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.33 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

About JPMorgan Chase & Co.

(Get Rating)

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.

Read More

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.