JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by German American Bancorp Inc.

German American Bancorp Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,703 shares of the financial services provider’s stock after acquiring an additional 1,183 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of German American Bancorp Inc.’s investment portfolio, making the stock its 13th biggest holding. German American Bancorp Inc.’s holdings in JPMorgan Chase & Co. were worth $11,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. State Street Corp raised its position in shares of JPMorgan Chase & Co. by 1.9% during the second quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after buying an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley raised its position in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC raised its position in JPMorgan Chase & Co. by 2.0% in the second quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock worth $7,740,212,000 after purchasing an additional 1,057,041 shares in the last quarter. Finally, Norges Bank acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $3,894,646,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on JPM shares. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. BMO Capital Markets increased their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 16th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Barclays increased their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of NYSE:JPM opened at $174.49 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The company’s fifty day simple moving average is $167.06 and its 200 day simple moving average is $154.77. The firm has a market cap of $501.95 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 2.20 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The firm had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $3.57 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 15.85 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is 25.89%.

JPMorgan Chase & Co. Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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