JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Owen LaRue LLC

Owen LaRue LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,357 shares of the financial services provider’s stock after buying an additional 2,168 shares during the quarter. JPMorgan Chase & Co. comprises about 4.4% of Owen LaRue LLC’s portfolio, making the stock its 5th biggest position. Owen LaRue LLC’s holdings in JPMorgan Chase & Co. were worth $4,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Etfidea LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 100 shares during the last quarter. TKG Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 97.6% in the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 6,521 shares during the last quarter. Sutton Place Investors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 8,412 shares in the last quarter. Alley Investment Management Company LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after purchasing an additional 530 shares in the last quarter. Finally, Allen Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after buying an additional 23,894 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JPM. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $191.96 on Tuesday. The firm’s 50 day moving average is $191.58 and its 200 day moving average is $172.82. The stock has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 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 $323,917.60. Following the sale, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,042,525 shares of company stock worth $190,961,526. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. 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.