Victory Capital Management Inc. Purchases 343,731 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Victory Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,145,718 shares of the financial services provider’s stock after acquiring an additional 343,731 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of JPMorgan Chase & Co. worth $224,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Karpas Strategies LLC increased its stake in 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 valued at $2,251,000 after acquiring an additional 80 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its stake in shares of JPMorgan Chase & Co. by 3.3% in the 2nd quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 85 shares during the period. Keb Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 85 shares during the period. Royal Capital Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock valued at $2,225,000 after purchasing an additional 87 shares during the period. Finally, Altus Wealth Group LLC grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 88 shares during the period. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $135.08 on Monday. The business’s fifty day moving average is $134.60 and its 200-day moving average is $122.80. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market cap of $396.22 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results 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. 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 return on equity of 14.68% and a net margin of 24.34%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.33 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

Insider Activity

In related news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were bought 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 in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred 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 directly 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 is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were 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 of the company’s stock, valued at approximately $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 valued at $6,372,156 in the last 90 days. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research note on Friday, January 13th. Morgan Stanley increased their price target 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. Citigroup increased their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.89.

JPMorgan Chase & Co. 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.

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

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