2,700 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Beta Wealth Group Inc.

Beta Wealth Group Inc. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,700 shares of the financial services provider’s stock, valued at approximately $282,000.

Several other large investors have also recently added to or reduced their stakes in the business. HBC Financial Services PLLC grew its stake in shares of JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $32,000. Financial Connections Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 48.5% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the sale, the chief executive officer now owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Insiders sold 46,336 shares of company stock valued at $6,372,156 over the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $135.08 on Friday. The stock has a market cap of $396.22 billion, a price-to-earnings ratio of 11.18, a PEG ratio of 2.23 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.03. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average price of $134.60 and a 200 day moving average price of $122.72.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 12.81 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be given a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Analysts Set New Price Targets

JPM has been the subject of a number of recent analyst reports. Citigroup raised their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Oppenheimer raised their price objective on JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a research note on Tuesday, January 17th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Profile

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

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