Great Valley Advisor Group Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 148,189 shares of the financial services provider's stock after acquiring an additional 1,128 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Great Valley Advisor Group Inc.'s investment portfolio, making the stock its 25th largest position. Great Valley Advisor Group Inc.'s holdings in JPMorgan Chase & Co. were worth $35,523,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after acquiring an additional 319,730 shares during the period. Capital & Planning LLC lifted its holdings in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after acquiring an additional 276 shares during the period. Atwood & Palmer Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Atwood & Palmer Inc. now owns 7,201 shares of the financial services provider's stock worth $1,726,000 after acquiring an additional 81 shares during the period. Ballentine Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.5% during the 4th quarter. Ballentine Partners LLC now owns 90,763 shares of the financial services provider's stock worth $21,757,000 after acquiring an additional 3,910 shares during the period. Finally, Rezny Wealth Management Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. Rezny Wealth Management Inc. now owns 8,833 shares of the financial services provider's stock worth $2,117,000 after acquiring an additional 303 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 20th. Truist Financial set a $270.00 target price on JPMorgan Chase & Co. in a research note on Friday. Royal Bank of Canada reissued an "outperform" rating and set a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a "hold" rating for the company. Finally, Wall Street Zen raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $266.65.
Get Our Latest Stock Report on JPMorgan Chase & Co.
Insider Transactions at JPMorgan Chase & Co.
In related news, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This represents a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel now owns 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. Insiders sold a total of 95,594 shares of company stock worth $23,991,061 over the last three months. 0.47% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Performance
JPM stock traded up $4.41 during trading on Tuesday, reaching $265.12. 7,499,634 shares of the company's stock were exchanged, compared to its average volume of 9,577,226. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $736.79 billion, a PE ratio of 13.43, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25. The company's fifty day moving average price is $244.31 and its 200-day moving average price is $248.58.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $4.44 earnings per share. On average, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.
About JPMorgan Chase & Co.
(
Free Report)
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.
See Also
Before you consider JPMorgan Chase & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JPMorgan Chase & Co. wasn't on the list.
While JPMorgan Chase & Co. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
