CFS Investment Advisory Services LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 303.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,915 shares of the financial services provider’s stock after purchasing an additional 5,952 shares during the period. CFS Investment Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $827,000 at the end of the most recent reporting period.
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Other hedge funds also recently bought and sold shares of the company. Karpas Strategies LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after acquiring an additional 80 shares during the period. Strategic Family Wealth Counselors L.L.C. boosted its holdings in shares of JPMorgan Chase & Co. by 3.3% during the 2nd quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after buying an additional 85 shares during the period. Keb Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after buying an additional 85 shares during the period. Royal Capital Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock worth $2,225,000 after buying an additional 87 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 88 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on JPM. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a report on Monday, October 17th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Finally, Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $147.89.
JPMorgan Chase & Co. Price Performance
Shares of NYSE:JPM opened at $135.08 on Monday. The firm has a 50 day moving average of $134.60 and a 200-day moving average of $122.80. The stock has a market capitalization of $396.22 billion, a PE ratio of 11.18, a PEG ratio of 2.10 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.03.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. The company had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.33 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is presently 33.11%.
Insider Activity
In related news, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $163,776.20. Following the sale, the insider now directly owns 34,973 shares of the company’s stock, valued at approximately $4,372,324.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,336 shares of company stock worth $6,372,156. 0.79% of the stock is currently owned by corporate insiders.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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