Hosking Partners LLP Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Hosking Partners LLP lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,752 shares of the financial services provider’s stock after acquiring an additional 43,892 shares during the period. JPMorgan Chase & Co. accounts for about 1.7% of Hosking Partners LLP’s investment portfolio, making the stock its 20th largest position. Hosking Partners LLP’s holdings in JPMorgan Chase & Co. were worth $37,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $58,000. Finally, Robbins Farley increased its position in JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 96 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $174.96 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The firm has a 50 day simple moving average of $168.65 and a 200-day simple moving average of $155.31. The company has a market capitalization of $503.30 billion, a P/E ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data 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 company 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 company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.57 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Oppenheimer raised their price objective on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Barclays upped their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.11.

Read Our Latest Stock Analysis on JPM

Insiders Place Their Bets

In related news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the transaction, the chief executive officer now directly owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the transaction, the chief executive officer now owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 over the last quarter. Insiders own 0.79% of the company’s stock.

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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