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

Von Berge Wealth Management Group LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 157.9% during the 3rd quarter, Holdings Channel reports. The firm owned 3,920 shares of the financial services provider’s stock after purchasing an additional 2,400 shares during the quarter. Von Berge Wealth Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $568,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC boosted its position 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. FSC Wealth Advisors LLC boosted its position in 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 acquiring an additional 288 shares during the last quarter. Legacy Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $58,000. Robbins Farley boosted its position in JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 96 shares during the last quarter. Finally, Nordwand Advisors LLC boosted its position in JPMorgan Chase & Co. by 90.9% during the third quarter. Nordwand Advisors LLC now owns 439 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman Peter Scher sold 1,812 shares of the company’s 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 owns 46,766 shares in the company, valued at approximately $7,793,553.90. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were 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 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 at this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s 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 completion of the transaction, the insider now 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. Insiders sold 39,072 shares of company stock worth $6,297,103 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.1 %

NYSE JPM opened at $176.30 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $176.76. The stock has a market capitalization of $507.15 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13. The firm has a 50 day moving average of $165.38 and a two-hundred day moving average of $154.20.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly 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 firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter last year, the firm earned $3.57 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 15.74 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Analysts Set New Price Targets

A number of research firms recently weighed in on JPM. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets boosted their price target 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. Piper Sandler boosted 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. Finally, Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.11.

Get Our Latest Report on JPMorgan Chase & Co.

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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