NorthRock Partners LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

NorthRock Partners LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.0% in the third quarter, Holdings Channel.com reports. The firm owned 28,078 shares of the financial services provider’s stock after purchasing an additional 1,831 shares during the quarter. NorthRock Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Karpas Strategies LLC raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after acquiring an additional 80 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its stake in shares of JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 85 shares in the last quarter. Keb Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock valued at $364,000 after acquiring an additional 85 shares in the last quarter. Royal Capital Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 0.4% in the second quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock worth $2,225,000 after buying an additional 87 shares in the last quarter. Finally, Altus Wealth Group LLC raised its stake in JPMorgan Chase & Co. by 1.4% in the second quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock worth $1,028,000 after buying an additional 88 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on JPM shares. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research note on Monday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. 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. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $147.89.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Insiders sold 46,336 shares of company stock worth $6,372,156 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Monday. The firm has a market capitalization of $396.22 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 2.10 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. The company’s fifty day moving average price is $134.60 and its 200-day moving average price is $122.80.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results 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. The company had revenue of $34.55 billion during 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 firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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