JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by BCGM Wealth Management LLC

BCGM Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,434 shares of the financial services provider’s stock after purchasing an additional 601 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. BCGM Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,673,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of JPMorgan Chase & Co. by 1.9% during the second quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after buying an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley raised its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.0% during the second quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock valued at $7,740,212,000 after acquiring an additional 1,057,041 shares during the period. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,894,646,000. Institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JPM shares. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Piper Sandler raised their price objective 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 raised 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 note on Tuesday, January 16th. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research note on Thursday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction that occurred 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 owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $301,969.80. Following the sale, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,072 shares of company stock valued at $6,297,103. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $175.01 on Monday. The company has a 50 day moving average price of $168.65 and a 200 day moving average price of $155.28. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 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. The firm has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14.

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). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period in the prior year, the business posted $3.57 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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

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.

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

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