Cambiar Investors LLC Buys 2,477 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cambiar Investors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 394,005 shares of the financial services provider’s stock after acquiring an additional 2,477 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.1% of Cambiar Investors LLC’s investment portfolio, making the stock its 11th largest holding. Cambiar Investors LLC’s holdings in JPMorgan Chase & Co. were worth $41,174,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday. Piper Sandler initiated coverage on JPMorgan Chase & Co. in a report on Thursday, December 8th. They issued an “overweight” rating and a $150.00 target price on the stock. Barclays lifted their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research report on Monday, October 17th. Finally, Morgan Stanley raised JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and lifted their price objective for the company from $126.00 to $153.00 in a research report on Tuesday, December 6th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.17.

JPMorgan Chase & Co. Trading Up 2.5 %

JPMorgan Chase & Co. stock opened at $143.01 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $161.03. The firm’s 50 day moving average price is $134.29 and its 200-day moving average price is $122.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $419.48 billion, a P/E ratio of 11.84, a PEG ratio of 2.23 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly 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 the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 12.81 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be given a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the transaction, the chief executive officer now directly 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 available at the SEC website. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 248,011 shares in the company, valued at $31,006,335.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares in the company, valued at $2,380,207.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,449 shares of company stock valued at $1,056,394. Insiders own 0.79% of the company’s stock.

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.

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

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