Corbyn Investment Management Inc. MD acquired a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,349 shares of the financial services provider’s stock, valued at approximately $229,000.
Other large investors have also made changes to their positions in the company. Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares during the period. Rakuten Securities Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $44,000. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the third quarter valued at about $40,000. Finally, Morton Brown Family Wealth LLC increased its stake in JPMorgan Chase & Co. by 2,308.3% in the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of JPM stock opened at $191.86 on Thursday. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94. The firm’s 50 day moving average is $191.10 and its 200-day moving average is $171.70. The firm has a market capitalization of $551.04 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.42 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.
JPMorgan Chase & Co. Increases Dividend
Analyst Upgrades and Downgrades
JPM has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.
Check Out Our Latest Analysis on JPM
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Company Profile
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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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