ABN AMRO Bank N.V. Boosts Holdings in JPMorgan Chase & Co. $JPM

ABN AMRO Bank N.V. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 50.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 612,033 shares of the financial services provider’s stock after purchasing an additional 206,455 shares during the period. JPMorgan Chase & Co. makes up approximately 1.9% of ABN AMRO Bank N.V.’s portfolio, making the stock its 18th biggest holding. ABN AMRO Bank N.V.’s holdings in JPMorgan Chase & Co. were worth $192,440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Border to Coast Pensions Partnership Ltd raised its position in JPMorgan Chase & Co. by 7.9% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 430,237 shares of the financial services provider’s stock valued at $135,710,000 after acquiring an additional 31,538 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 49,306 shares of the financial services provider’s stock worth $15,553,000 after purchasing an additional 190 shares in the last quarter. HORAN Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 15.1% during the 3rd quarter. HORAN Wealth LLC now owns 35,360 shares of the financial services provider’s stock worth $11,153,000 after purchasing an additional 4,646 shares during the period. Horizon Investment Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 20.8% during the 3rd quarter. Horizon Investment Services LLC now owns 1,723 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 297 shares in the last quarter. Finally, Triglav Investments D.O.O. increased its holdings in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Triglav Investments D.O.O. now owns 197,091 shares of the financial services provider’s stock valued at $62,167,000 after purchasing an additional 6,110 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeremy Barnum sold 2,893 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $904,901.47. Following the transaction, the chief financial officer owned 26,696 shares of the company’s stock, valued at approximately $8,350,241.84. The trade was a 9.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jennifer Piepszak sold 8,571 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $312.79, for a total transaction of $2,680,923.09. Following the sale, the chief operating officer owned 71,027 shares of the company’s stock, valued at approximately $22,216,535.33. The trade was a 10.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,868 shares of company stock valued at $4,650,596 in the last three months. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. TD Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $354.00 to $363.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $336.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $350.00 to $360.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Truist Financial set a $334.00 price target on JPMorgan Chase & Co. in a research report on Wednesday, January 14th. Fourteen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $340.18.

Read Our Latest Stock Analysis on JPMorgan Chase & Co.

More JPMorgan Chase & Co. News

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JPMorgan Chase & Co. Stock Down 0.0%

JPM stock opened at $302.62 on Friday. The company has a market cap of $823.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.48 and a beta of 1.07. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The firm has a 50-day moving average of $315.53 and a two-hundred day moving average of $307.56.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a return on equity of 17.16% and a net margin of 20.35%.The business had revenue of $45.80 billion for the quarter, compared to analysts’ expectations of $45.98 billion. During the same period in the previous year, the firm posted $4.81 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, January 31st. Shareholders of record on Tuesday, January 6th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.99%.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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