Bard Financial Services Inc. Buys 310 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bard Financial Services Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 59,025 shares of the financial services provider’s stock after acquiring an additional 310 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of Bard Financial Services Inc.’s investment portfolio, making the stock its 22nd biggest position. Bard Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $10,040,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JPM. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $6,016,878,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,017,893,000. Wellington Management Group LLP lifted its position in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $253,076,000. Finally, Cerity Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 155.2% in the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after buying an additional 1,366,360 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on JPM shares. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

Insider Activity

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 249,399 shares of company stock worth $46,713,667. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $198.61 on Thursday. The stock has a market capitalization of $570.34 billion, a PE ratio of 11.97, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day moving average price of $194.32 and a two-hundred day moving average price of $177.52. JPMorgan Chase & Co. has a fifty-two week low of $134.40 and a fifty-two week high of $205.88.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.31 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.32%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

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