Codex Capital LLC lifted its stake in JPMorgan Chase & Co. (NYSE: JPM – Get Rating) by 33.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the financial services provider’s stock after acquiring an additional 500 shares during the period. Codex Capital LLC’s holdings in JPMorgan Chase & Co. were worth $ 314,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $ 4,092,843,000. GQG Partners LLC raised its position in shares of JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock worth $ 806,728,000 after acquiring an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of JPMorgan Chase & Co. by 1,543.7% in the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock worth $ 529,124,000 after acquiring an additional 3,138,200 shares in the last quarter. State Street Corp grew its stake in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $ 22,441,376,000 after buying an additional 2,277,065 shares during the last quarter. Finally, National Bank of Canada FI purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $ 298,028,000. 70.35% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Jennifer Piepszak sold 4,668 shares of the company stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $ 126.19, for a total value of $ 589,054.92. Following the completion of the transaction, the chief executive officer now owns 11,135 shares of the company stock, valued at approximately $ 1,405,125.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 21,012 shares of the company stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $ 130.04, for a total value of $ 2,732,400.48. Following the completion of the transaction, the insider now directly owns 178,588 shares of the company stock, valued at approximately $ 23,223,583.52. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company stock.
Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $ 145.00 to $ 150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 24th. Credit Suisse Group set a $ 160.00 target price on JPMorgan Chase & Co. in a research note on Wednesday, May 25th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 14th. UBS Group set a $ 197.00 target price on JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. Finally, StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $ 161.83.
Shares of JPM stock opened at $ 113.03 on Friday. The stock has a market cap of $ 331.97 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. The business has a 50-day simple moving average of $ 124.32 and a 200-day simple moving average of $ 140.73. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. JPMorgan Chase & Co. has a 52-week low of $ 111.87 and a 52-week high of $ 172.96.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last issued its quarterly earnings data on Wednesday, April 13th. The financial services provider reported $ 2.63 earnings per share (EPS) for the quarter, missing the estimate consensus of $ 2.73 by ($ 0.10). The company had revenue of $ 30.72 billion during the quarter, compared to analyst estimates of $ 30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm earned $ 4.50 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be issued a $ 1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $ 4.00 dividend on an annualized basis and a yield of 3.54%. JPMorgan Chase & Co.’s payout ratio is 29.67%.
About JPMorgan Chase & Co. (Get Rating)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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