Family Asset Management LLC Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Family Asset Management LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. Family Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Curbstone Financial Management Corp raised its stake in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after acquiring an additional 60 shares in the last quarter. Grey Street Capital LLC raised its stake in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after acquiring an additional 60 shares in the last quarter. Financial Management Network Inc. raised its stake in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock valued at $1,296,000 after acquiring an additional 61 shares in the last quarter. Sendero Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 62 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 64 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Piper Sandler lowered their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.05.

Check Out Our Latest Stock Analysis on JPM

Insider Activity at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction on Friday, May 10th. The shares were sold at an average price of $198.86, for a total value of $596,580.00. Following the sale, the insider now directly owns 44,113 shares of the company’s stock, valued at approximately $8,772,311.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,066,506 shares of company stock valued at $195,621,185. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $198.77 on Friday. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $570.80 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.44 and a beta of 1.13. The stock’s fifty day simple moving average is $192.47 and its 200 day simple moving average is $173.89.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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

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