5,960 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Yahav Achim Ve Achayot Provident Funds Management Co Ltd.

Key Points

• Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired 5,960 shares of JPMorgan Chase & Co., valued at approximately $1,461,000, making it the fund's 7th largest holding.
• JPMorgan Chase recently reported $4.96 earnings per share for the quarter, outperforming analyst expectations and showing a revenue of $44.91 billion, although this represents a 10.5% decline compared to the same quarter last year.
• Analysts have mixed views on JPMorgan Chase, with a consensus rating of "Moderate Buy" and a price target of $288.68, amidst fluctuations in ratings from various research firms.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,960 shares of the financial services provider's stock, valued at approximately $1,461,000. JPMorgan Chase & Co. makes up approximately 5.9% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s holdings, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. AMF Tjanstepension AB lifted its position in JPMorgan Chase & Co. by 4.0% during the first quarter. AMF Tjanstepension AB now owns 585,453 shares of the financial services provider's stock valued at $143,687,000 after buying an additional 22,502 shares in the last quarter. AlphaCore Capital LLC lifted its position in JPMorgan Chase & Co. by 15.4% during the first quarter. AlphaCore Capital LLC now owns 58,517 shares of the financial services provider's stock valued at $14,354,000 after buying an additional 7,813 shares in the last quarter. WBH Advisory Inc. lifted its position in JPMorgan Chase & Co. by 4.6% during the first quarter. WBH Advisory Inc. now owns 14,025 shares of the financial services provider's stock valued at $3,440,000 after buying an additional 616 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of JPMorgan Chase & Co. by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,099,724 shares of the financial services provider's stock valued at $1,250,962,000 after purchasing an additional 465,347 shares during the period. Finally, Y.D. More Investments Ltd raised its stake in shares of JPMorgan Chase & Co. by 6.4% during the first quarter. Y.D. More Investments Ltd now owns 10,212 shares of the financial services provider's stock valued at $2,504,000 after purchasing an additional 612 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on JPM. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Finally, HSBC reiterated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,557 shares of company stock valued at $4,113,796. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 1.1%

JPM stock opened at $292.63 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29. The firm has a fifty day moving average price of $284.76 and a two-hundred day moving average price of $263.06. The firm has a market cap of $804.66 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.92 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the firm earned $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date was Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s payout ratio is presently 28.73%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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