Adell Harriman & Carpenter Inc. Has $16.31 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Adell Harriman & Carpenter Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,468 shares of the financial services provider’s stock after purchasing an additional 977 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.7% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 18th largest holding. Adell Harriman & Carpenter Inc.’s holdings in JPMorgan Chase & Co. were worth $16,310,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Macroview Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $40,000. FSC Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after buying an additional 288 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $58,000. Finally, Robbins Farley increased 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 buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Thursday, November 2nd. Bank of America increased their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Oppenheimer increased their target price on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Stock Analysis on JPMorgan Chase & Co.

Insiders Place Their Bets

In other news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 directly owns 131,962 shares in the company, valued at $21,113,920. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock worth $6,297,103 over the last three months. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE:JPM opened at $175.00 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $123.11 and a 52-week high of $178.30. The company has a market capitalization of $503.42 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. The company has a 50-day simple moving average of $167.49 and a 200 day simple moving average of $154.91. 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 issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $3.57 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.85 earnings per share 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 given a dividend of $1.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $4.20 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

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.

See Also

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

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