Adell Harriman & Carpenter Inc. Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Adell Harriman & Carpenter Inc. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 112,468 shares of the financial services provider’s stock after acquiring an additional 977 shares during the period. JPMorgan Chase & Co. makes up approximately 1.7% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 18th biggest position. Adell Harriman & Carpenter Inc.’s holdings in JPMorgan Chase & Co. were worth $16,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Cantor Fitzgerald Investment Advisor L.P increased its position in shares of JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $2,455,000. LSV Asset Management increased its position 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 valued at $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC increased its position 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 valued at $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its position 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 valued at $514,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.3 %

NYSE JPM opened at $175.00 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $503.42 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.20 and a beta of 1.14. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The stock has a 50 day moving average price of $167.49 and a 200-day moving average price of $154.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 15.85 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a dividend of $1.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. Insiders sold a total of 39,072 shares of company stock worth $6,297,103 over the last three months. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

JPM has been the subject of several research reports. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Thursday, November 2nd. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Bank of America increased their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Get Our Latest Research Report on JPM

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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