Van Hulzen Asset Management LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Van Hulzen Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 38.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,210 shares of the financial services provider’s stock after acquiring an additional 13,310 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,991,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. JSF Financial LLC grew its position in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 65 shares in the last quarter. Red Wave Investments LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% during the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 65 shares in the last quarter. Riverview Capital Advisers LLC grew its position in shares of JPMorgan Chase & Co. by 4.2% during the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 66 shares in the last quarter. Carmel Capital Partners LLC grew its position in shares of JPMorgan Chase & Co. by 2.8% during the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 67 shares in the last quarter. Finally, Orca Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% during the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $174.49 on Tuesday. The company has a 50 day moving average price of $167.06 and a 200-day moving average price of $154.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $178.30. The company has a market capitalization of $501.95 billion, a PE ratio of 10.76, a P/E/G ratio of 2.20 and a beta of 1.14.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were paid a $1.05 dividend. 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 (DPR) is 25.89%.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. Barclays raised their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.11.

Read Our Latest Report on JPM

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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