Sheets Smith Wealth Management Acquires 4,037 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sheets Smith Wealth Management boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,496 shares of the financial services provider’s stock after purchasing an additional 4,037 shares during the period. Sheets Smith Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HBC Financial Services PLLC lifted its stake in shares of 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 last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $32,000. Financial Connections Group Inc. raised its position in 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 worth $34,000 after purchasing an additional 100 shares during the last quarter. Horizons Wealth Management bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth $39,000. Finally, New Millennium Group LLC bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth $39,000. 67.89% of the stock is currently owned by institutional investors.

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 dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $135.08 on Friday. 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 50-day moving average of $134.60 and a 200-day moving average of $122.72. The company has a market cap of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period last year, the business posted $3.33 EPS. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 12.81 EPS 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. 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 annualized dividend and a yield of 2.96%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Analyst Ratings Changes

Several research analysts recently issued reports on JPM shares. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 17th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 report on Friday, January 6th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.

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

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