CLARET ASSET MANAGEMENT Corp increased its stake in JPMorgan Chase & Co. (NYSE: JPM) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,311 shares of the financial services provider’s stock after purchasing an additional 317 shares during the quarter. CLARET ASSET MANAGEMENT Corp. holdings in JPMorgan Chase & Co. were worth $ 451,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stillwater Investment Management LLC increased its stake in JPMorgan Chase & Co. by 0.5% in the 1st quarter. Stillwater Investment Management LLC now owns 36,948 shares of the financial services provider’s stock worth $ 5,037,000 after purchasing an additional 185 shares in the last quarter. Okabena Investment Services Inc. boosted its position in JPMorgan Chase & Co. by 144.3% during the 4th quarter. Okabena Investment Services Inc. now owns 6,221 shares of the financial services provider’s stock worth $ 985,000 after acquiring an additional 3,675 shares during the period. Montz Harcus Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $ 988,000. City State Bank acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $ 1,336,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $ 2,070,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction that occurred on Tuesday, April 19th. The stock was sold at an average price of $ 130.04, for a total transaction of $ 2,732,400.48. Following the sale, the insider now directly owns 178,588 shares in the company, valued at $ 23,223,583.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Piepszak sold 4,668 shares of the business’s stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $ 126.19, for a total value of $ 589,054.92. Following the sale, the chief executive officer now owns 11,135 shares in the company, valued at $ 1,405,125.65. The disclosure for this sale can be found here. Insiders own 0.79% of the company stock.
JPM has been the subject of a number of research reports. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $ 161.00 to $ 152.00 and set an “underweight” rating for the company in a research report on Thursday, May 19th. Berenberg Bank set a $ 120.00 price target on JPMorgan Chase & Co. in a report on Tuesday, April 19th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $ 145.00 to $ 150.00 and gave the company an “equal weight” rating in a report on Tuesday, May 24th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the company an “overweight” rating in a report on Thursday, April 14th. Finally, Argus reduced their price target on JPMorgan Chase & Co. from $ 177.00 to $ 155.00 in a report on Thursday, April 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $ 161.83.
Shares of NYSE JPM opened at $ 113.03 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $ 124.32 and its two-hundred day moving average is $ 140.61. The company has a market cap of $ 331.97 billion, a P / E ratio of 8.39, a P / E / G ratio of 2.01 and a beta of 1.11. JPMorgan Chase & Co. has a 12 month low of $ 111.87 and a 12 month high of $ 172.96.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last issued its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $ 2.63 EPS for the quarter, missing the consensus estimate of $ 2.73 by ($ 0.10). The business had revenue of $ 30.72 billion during the quarter, compared to the estimate consensus of $ 30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $ 4.50 earnings per share. Sell-side analysts expect 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. Shareholders of record on Wednesday, July 6th will be given a $ 1.00 dividend. This represents a $ 4.00 annualized dividend and a yield of 3.54%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.
JPMorgan Chase & Co. Company Profile: (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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