Allegheny Financial Group LTD Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Allegheny Financial Group LTD raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,788 shares of the financial services provider’s stock after buying an additional 597 shares during the period. Allegheny Financial Group LTD’s holdings in JPMorgan Chase & Co. were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Advisor L.P lifted its position in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $2,455,000. LSV Asset Management raised its stake in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

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

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the prior year, the firm posted $3.33 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 12.81 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Analyst Ratings Changes

JPM has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 17th. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Credit Suisse Group set a $155.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.89.

Insider Buying and Selling

In related news, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly 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 accessible through this link. In related news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the transaction, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,336 shares of company stock valued at $6,372,156. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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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