Harel Insurance Investments & Financial Services Ltd. Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 49.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,873 shares of the financial services provider’s stock after buying an additional 3,923 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in JPMorgan Chase & Co. were worth $1,247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P grew its position in JPMorgan Chase & Co. by 81.1% in the first 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 acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $2,455,000. LSV Asset Management grew its position in shares of JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC grew its position in shares of JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $140.80 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $413.00 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03. The stock’s fifty day moving average is $134.48 and its two-hundred day moving average is $122.32.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.43. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the previous year, the business earned $3.33 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $163,776.20. Following the sale, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold a total of 46,336 shares of company stock worth $6,372,156 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JPM. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

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.