Sentry Investment Management LLC Has $2.17 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sentry Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,783 shares of the financial services provider’s stock after acquiring an additional 670 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Sentry Investment Management LLC’s holdings, making the stock its 11th largest position. Sentry Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JPM. HBC Financial Services PLLC raised its holdings 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 purchasing an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $32,000. Financial Connections Group Inc. raised its holdings 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 purchasing an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a report on Tuesday, January 17th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.89.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Peter Scher sold 1,310 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $163,776.20. Following the completion of the transaction, the insider now directly owns 34,973 shares in the company, valued at $4,372,324.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,336 shares of company stock valued at $6,372,156. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPM opened at $135.08 on Friday. The firm’s 50 day simple moving average is $134.60 and its 200 day simple moving average is $122.72. The company has a market capitalization of $396.22 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.23 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $3.33 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 12.81 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 Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

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.

Further Reading

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

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