JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by BIP Wealth LLC

BIP Wealth LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,669 shares of the financial services provider’s stock after purchasing an additional 98 shares during the period. BIP Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $387,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPM. State Street Corp increased its position in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Geode Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock valued at $7,740,212,000 after acquiring an additional 1,057,041 shares in the last quarter. Finally, Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $3,894,646,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now directly owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,072 shares of company stock valued at $6,297,103. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM stock opened at $175.86 on Tuesday. The firm has a market cap of $505.89 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The firm has a fifty day moving average price of $169.01 and a two-hundred day moving average price of $155.42. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 EPS. Research analysts predict that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JPM. Piper Sandler upped their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Oppenheimer upped their price target on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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