JPMorgan Chase & Co. (NYSE:JPM) Stake Boosted by Owen LaRue LLC

Owen LaRue LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,357 shares of the financial services provider’s stock after acquiring an additional 2,168 shares during the period. JPMorgan Chase & Co. accounts for approximately 4.4% of Owen LaRue LLC’s investment portfolio, making the stock its 5th biggest holding. Owen LaRue LLC’s holdings in JPMorgan Chase & Co. were worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accurate Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Accurate Wealth Management LLC now owns 25,891 shares of the financial services provider’s stock worth $3,820,000 after purchasing an additional 1,314 shares during the period. Balboa Wealth Partners lifted its holdings in shares of JPMorgan Chase & Co. by 4.6% in the third quarter. Balboa Wealth Partners now owns 7,494 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 331 shares in the last quarter. Vicus Capital boosted its position 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 acquiring an additional 2,150 shares during the last quarter. Callahan Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Callahan Advisors LLC now owns 137,560 shares of the financial services provider’s stock valued at $19,949,000 after acquiring an additional 362 shares during the last quarter. Finally, Aua Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 13.5% in the 3rd quarter. Aua Capital Management LLC now owns 4,898 shares of the financial services provider’s stock valued at $710,000 after acquiring an additional 581 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $191.96 on Tuesday. The business has a fifty day moving average of $191.58 and a 200 day moving average of $172.82. The stock has a market cap of $551.25 billion, a P/E ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13. 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 issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. This is an increase 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%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Piper Sandler reduced their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Evercore ISI boosted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Company 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.