Connective Portfolio Management LLC purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,080 shares of the financial services provider’s stock, valued at approximately $2,225,000. JPMorgan Chase & Co. makes up about 4.5% of Connective Portfolio Management LLC’s holdings, making the stock its 7th largest position.
Other institutional investors also recently bought and sold shares of the company. Valicenti Advisory Services Inc. raised its stake in JPMorgan Chase & Co. by 2.9% in the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock valued at $4,956,000 after purchasing an additional 1,439 shares in the last quarter. TKG Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after purchasing an additional 6,521 shares in the last quarter. Alley Investment Management Company LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after purchasing an additional 530 shares in the last quarter. Finally, Allen Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after purchasing an additional 23,894 shares in the last quarter. 71.55% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock opened at $195.83 on Wednesday. The company’s 50-day moving average price is $181.02 and its 200-day moving average price is $163.00. JPMorgan Chase & Co. has a twelve month low of $126.22 and a twelve month high of $200.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market cap of $564.06 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results 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). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion for the quarter, compared to analysts’ expectations of $39.73 billion. During the same period in the prior year, the firm posted $3.57 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.35%. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 845,383 shares of company stock valued at $154,341,636. Company insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.
Read Our Latest Analysis on JPM
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.
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