JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Davidson Investment Advisors

Davidson Investment Advisors increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 35.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,302 shares of the financial services provider’s stock after purchasing an additional 1,654 shares during the quarter. Davidson Investment Advisors’ holdings in JPMorgan Chase & Co. were worth $914,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 105,652.2% in 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 in the last quarter. Morgan Stanley lifted its holdings in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock worth $7,740,212,000 after buying an additional 1,057,041 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction on Tuesday, January 16th. The stock was 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 approximately $5,741,857.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $274,706.91. Following the transaction, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM opened at $175.01 on Monday. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The business has a 50-day moving average of $168.65 and a two-hundred day moving average of $155.28. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results 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). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company 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 earnings per share. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 15.87 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. Stockholders of record on Thursday, January 4th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JPM shares. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Barclays lifted their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.11.

Read Our Latest Research Report on JPMorgan Chase & Co.

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.

Further Reading

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

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