Berry Wealth Group LP Invests $5.09 Million in JPMorgan Chase & Co. (NYSE:JPM)

Berry Wealth Group LP acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, Holdings Channel reports. The fund acquired 29,930 shares of the financial services provider’s stock, valued at approximately $5,091,000. JPMorgan Chase & Co. makes up 4.7% of Berry Wealth Group LP’s investment portfolio, making the stock its 7th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Accurate Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.3% during the third quarter. Accurate Wealth Management LLC now owns 25,891 shares of the financial services provider’s stock worth $3,820,000 after buying an additional 1,314 shares during the period. Balboa Wealth Partners raised its holdings in shares of JPMorgan Chase & Co. by 4.6% during the third quarter. Balboa Wealth Partners now owns 7,494 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 331 shares during the last quarter. Vicus Capital raised its holdings in shares of JPMorgan Chase & Co. by 22.0% during the third quarter. Vicus Capital now owns 11,906 shares of the financial services provider’s stock worth $1,727,000 after purchasing an additional 2,150 shares during the last quarter. Callahan Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Callahan Advisors LLC now owns 137,560 shares of the financial services provider’s stock worth $19,949,000 after purchasing an additional 362 shares during the last quarter. Finally, Aua Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 13.5% during the third quarter. Aua Capital Management LLC now owns 4,898 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 581 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.8 %

JPM stock opened at $191.96 on Tuesday. The stock has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. The firm has a 50-day simple moving average of $191.58 and a 200-day simple moving average of $172.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $133.13 and a 52 week high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities analysts forecast that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling

In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,042,525 shares of company stock worth $190,961,526. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.