Perpetual Ltd lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,130 shares of the financial services provider's stock after purchasing an additional 1,548 shares during the period. Perpetual Ltd's holdings in JPMorgan Chase & Co. were worth $2,975,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Blue Bell Private Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider's stock valued at $622,000 after purchasing an additional 38 shares during the last quarter. Hurlow Wealth Management Group Inc. boosted its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider's stock valued at $1,328,000 after buying an additional 40 shares during the period. Wimmer Associates 1 LLC boosted its position in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock valued at $986,000 after buying an additional 40 shares during the period. Twin Lakes Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock valued at $3,340,000 after buying an additional 40 shares during the period. Finally, Rockbridge Investment Management LCC grew its stake in shares of JPMorgan Chase & Co. by 2.3% during the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider's stock valued at $441,000 after buying an additional 41 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Stock Up 1.4%
JPM traded up $4.13 on Thursday, hitting $296.13. The company had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $296.37. The firm has a market capitalization of $822.96 billion, a P/E ratio of 14.54, a P/E/G ratio of 2.72 and a beta of 1.10. The stock has a fifty day simple moving average of $264.89 and a 200-day simple moving average of $253.77.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities 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. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s payout ratio is 27.49%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on JPM. Piper Sandler reissued a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $280.00 to $298.00 and gave the stock an "outperform" rating in a research note on Wednesday. Citigroup reissued a "neutral" rating and set a $275.00 price objective (up previously from $250.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 25th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday. Finally, Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the company a "hold" rating in a report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $275.80.
Read Our Latest Report on JPMorgan Chase & Co.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the completion of the transaction, the general counsel owned 36,520 shares of the company's stock, valued at approximately $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company's stock, valued at $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,200 shares of company stock valued at $18,060,015. Insiders own 0.47% of the company's stock.
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.
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