JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Arjuna Capital

Arjuna Capital lifted its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,505 shares of the financial services provider’s stock after purchasing an additional 740 shares during the period. JPMorgan Chase & Co. comprises about 2.2% of Arjuna Capital’s portfolio, making the stock its 12th biggest holding. Arjuna Capital’s holdings in JPMorgan Chase & Co. were worth $4,442,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P grew its holdings in shares of 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 purchasing an additional 99,636 shares during the period. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $2,455,000. LSV Asset Management grew its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on JPM shares. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. The Goldman Sachs Group lowered 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. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.89.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $135.08 on Friday. The firm’s fifty day moving average price is $134.60 and its 200 day moving average price is $122.72. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03. 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 firm has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted 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 $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period last year, the firm posted $3.33 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed 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 yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is owned by company insiders.

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.

See Also

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

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