Coe Capital Management LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)


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Coe Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,767 shares of the financial services provider’s stock after buying an additional 1,262 shares during the period. JPMorgan Chase & Co. comprises approximately 3.2% of Coe Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Coe Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cypress Point Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $25,000. Marshall & Sullivan Inc. WA bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $43,000. Stuart Chaussee & Associates Inc. raised its stake in shares of JPMorgan Chase & Co. by 25.9% during the third quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 96 shares during the last quarter. TFO TDC LLC lifted its holdings in shares of JPMorgan Chase & Co. by 107.6% during the fourth quarter. TFO TDC LLC now owns 357 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 185 shares during the period. Finally, Valley Forge Investment Consultants Inc. ADV bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $48,000. Institutional investors own 69.02% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $149.41 on Tuesday. The stock has a market capitalization of $455.43 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $150.19. The stock has a 50 day moving average price of $137.02 and a two-hundred day moving average price of $114.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Thursday, January 14th. The financial services provider reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $1.17. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.22 billion for the quarter, compared to analysts’ expectations of $28.74 billion. During the same period last year, the business earned $2.57 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 7.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

Several research analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday, January 18th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, January 19th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Finally, Seaport Global Securities boosted their price target on shares of JPMorgan Chase & Co. from $140.00 to $157.00 in a research report on Tuesday, January 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $129.16.

In related news, CEO Douglas B. Petno sold 22,011 shares of the company’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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