Core Wealth Partners LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Core Wealth Partners LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,807 shares of the financial services provider’s stock after acquiring an additional 115 shares during the period. JPMorgan Chase & Co. comprises 0.8% of Core Wealth Partners LLC’s portfolio, making the stock its 25th largest holding. Core Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $35,000. Partnership Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $36,000. Briaud Financial Planning Inc acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $40,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In related news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marianne Lake sold 11,734 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now directly owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,071,414 shares of company stock valued at $196,746,504. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $204.79 on Friday. The firm has a market capitalization of $588.09 billion, a PE ratio of 12.37, a P/E/G ratio of 2.52 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $193.84 and a two-hundred day moving average of $176.33. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.05.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $40.90 billion. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JPM. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Piper Sandler decreased their price objective 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. BMO Capital Markets cut their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $192.05.

View Our Latest Report on JPMorgan Chase & Co.

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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