Cypress Capital Management LLC grew its stake in JPMorgan Chase & Co. (NYSE: JPM) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,481 shares of the financial services provider’s stock after purchasing an additional 3,433 shares during the period. JPMorgan Chase & Co. makes up about 2.5% of Cypress Capital Management LLC’s holdings, making the stock its 6th largest holding. Cypress Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $ 21,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. GQG Partners LLC grew its holdings in 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 valued at $ 806,728,000 after buying an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of JPMorgan Chase & Co. by 1,543.7% during 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 during the period. State Street Corp boosted its position in shares of 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 valued at $ 22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $ 298,028,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $ 277,382,000. 70.35% of the stock is owned by hedge funds and other institutional investors.
In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 4,668 shares of the 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 directly owns 11,135 shares of the company stock, valued at approximately $ 1,405,125.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction 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 of the company stock, valued at $ 23,223,583.52. The disclosure for this sale can be found here. Company insiders own 0.79% of the company stock.
Shares of JPM opened at $ 113.43 on Friday. The company 50-day simple moving average is $ 124.73 and its 200-day simple moving average is $ 141.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. JPMorgan Chase & Co. has a 1 year low of $ 111.87 and a 1 year high of $ 172.96. The stock has a market capitalization of $ 333.15 billion, a PE ratio of 8.41, a P / E / G ratio of 2.06 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last released its earnings results on Wednesday, April 13th. The financial services provider reported $ 2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 2.73 by ($ 0.10). The business had revenue of $ 30.72 billion for the quarter, compared to analyst estimates of $ 30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. JPMorgan Chase & Co.’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $ 4.50 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $ 1.00 dividend. This represents a $ 4.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.67%.
Several analysts have recently weighed in on JPM shares. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $ 165.00 to $ 170.00 and gave the company an “overweight” rating in a research note on Thursday, April 14th. Barclays set a $ 200.00 price objective on JPMorgan Chase & Co. in a report on Monday, May 23rd. Oppenheimer raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $ 167.00 target price for the company in a research note on Tuesday, May 3rd. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $ 145.00 to $ 150.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 24th. Finally, UBS Group set a $ 197.00 price target on JPMorgan Chase & Co. in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $ 161.83.
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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