Carson Advisory Inc. Has $1.65 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Carson Advisory Inc. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 11,371 shares of the financial services provider’s stock after acquiring an additional 1,290 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Carson Advisory Inc.’s investment portfolio, making the stock its 13th largest position. Carson Advisory Inc.’s holdings in JPMorgan Chase & Co. were worth $1,649,000 as of its most recent SEC filing.

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

JPMorgan Chase & Co. Stock Up 0.1 %

JPM opened at $175.01 on Monday. The stock has a fifty day moving average of $168.65 and a 200-day moving average of $155.28. The company has a market capitalization of $503.44 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $178.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the business posted $3.57 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts expect that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Activity

In other news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marianne Lake sold 32,243 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The disclosure for this sale can be found here. In the last three months, insiders sold 39,072 shares of company stock worth $6,297,103. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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 note on Tuesday, January 16th. BMO Capital Markets boosted their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Research Report on JPM

About JPMorgan Chase & Co.

(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.

Further Reading

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

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