Fagan Associates Inc. Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Fagan Associates Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,165 shares of the financial services provider’s stock after buying an additional 274 shares during the quarter. JPMorgan Chase & Co. comprises about 1.9% of Fagan Associates Inc.’s investment portfolio, making the stock its 15th biggest position. Fagan Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $6,705,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JPM. Karpas Strategies LLC lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 80 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in shares of JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 85 shares during the last quarter. Keb Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 85 shares during the last quarter. Royal Capital Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock worth $2,225,000 after purchasing an additional 87 shares during the last quarter. Finally, Altus Wealth Group LLC lifted its position in shares of JPMorgan Chase & Co. by 1.4% during the second quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 88 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $135.08 on Monday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month 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 capitalization of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13. The company’s 50 day simple moving average is $134.60 and its 200 day simple moving average is $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS 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 business had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same quarter last year, the business earned $3.33 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JPM. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a report on Tuesday, January 17th. Finally, Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.89.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,310 shares of the firm’s 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 $163,776.20. Following the transaction, the insider now owns 34,973 shares in the company, valued at $4,372,324.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $163,776.20. Following the transaction, the insider now owns 34,973 shares in the company, valued at $4,372,324.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold 46,336 shares of company stock worth $6,372,156 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Further Reading

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

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