Vanguard Group Inc. Acquires 412,541 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Vanguard Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,796,588 shares of the financial services provider's stock after acquiring an additional 412,541 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Vanguard Group Inc.'s investment portfolio, making the stock its 9th biggest holding. Vanguard Group Inc. owned approximately 9.80% of JPMorgan Chase & Co. worth $66,917,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in JPMorgan Chase & Co. by 2.7% during the first quarter. Goldman Sachs Group Inc. now owns 20,548,182 shares of the financial services provider's stock worth $5,040,469,000 after buying an additional 548,853 shares during the period. PrairieView Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.8% in the first quarter. PrairieView Partners LLC now owns 1,350 shares of the financial services provider's stock valued at $331,000 after purchasing an additional 50 shares during the period. MGB Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 17.3% in the first quarter. MGB Wealth Management LLC now owns 13,332 shares of the financial services provider's stock valued at $3,262,000 after purchasing an additional 1,964 shares during the period. Intrust Bank NA increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the first quarter. Intrust Bank NA now owns 43,251 shares of the financial services provider's stock valued at $10,609,000 after purchasing an additional 119 shares during the period. Finally, Bouchey Financial Group Ltd increased its holdings in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. Bouchey Financial Group Ltd now owns 8,522 shares of the financial services provider's stock valued at $2,090,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on JPM shares. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Truist Financial boosted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Finally, UBS Group upped their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $288.55 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $200.61 and a fifty-two week high of $301.29. The stock has a market cap of $793.44 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The business has a fifty day moving average of $283.74 and a 200-day moving average of $262.68. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25.

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

JPMorgan Chase & Co. Announces Dividend

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

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the transaction, the chief operating officer directly 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 document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 6,608 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value 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 $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,557 shares of company stock valued at $4,113,796 over the last quarter. Insiders own 0.47% of the company's stock.

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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