JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 33.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,524,470 shares of the financial services provider’s stock after purchasing an additional 378,823 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.0% of Great Lakes Advisors LLC’s portfolio, making the stock its 2nd biggest position. Great Lakes Advisors LLC owned about 0.05% of JPMorgan Chase & Co. worth $221,079,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JPM. RiverFront Investment Group LLC raised its position in JPMorgan Chase & Co. by 10.2% in the 3rd quarter. RiverFront Investment Group LLC now owns 50,648 shares of the financial services provider’s stock valued at $7,344,000 after buying an additional 4,688 shares during the last quarter. Merit Financial Group LLC raised its position in JPMorgan Chase & Co. by 9.3% in the 3rd quarter. Merit Financial Group LLC now owns 60,305 shares of the financial services provider’s stock valued at $8,745,000 after buying an additional 5,114 shares during the last quarter. KLCM Advisors Inc. raised its position in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. KLCM Advisors Inc. now owns 26,192 shares of the financial services provider’s stock valued at $3,798,000 after buying an additional 128 shares during the last quarter. Community Financial Services Group LLC acquired a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $1,354,000. Finally, Sax Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 7.0% in the 3rd quarter. Sax Wealth Advisors LLC now owns 4,568 shares of the financial services provider’s stock valued at $662,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $175.00 on Wednesday. The business has a fifty day simple moving average of $167.49 and a 200 day simple moving average of $154.91. The company has a market capitalization of $503.42 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $178.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion during 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 business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.57 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 15.85 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were paid a $1.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $4.20 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,812 shares of the business’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 directly owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now directly 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 39,072 shares of company stock worth $6,297,103 in the last ninety days. 0.79% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Odeon Capital Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, November 2nd. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company 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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