Janney Montgomery Scott LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,763,717 shares of the financial services provider’s stock after purchasing an additional 12,070 shares during the quarter. JPMorgan Chase & Co. accounts for 1.0% of Janney Montgomery Scott LLC’s holdings, making the stock its 11th biggest holding. Janney Montgomery Scott LLC owned approximately 0.06% of JPMorgan Chase & Co. worth $300,008,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stone House Investment Management LLC grew its stake 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. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at $35,000. Partnership Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. in the third quarter worth $40,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total value of $716,340.80. Following the completion of the sale, the insider now directly owns 44,996 shares in the company, valued at approximately $8,222,569.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total value of $716,340.80. Following the sale, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,071,414 shares of company stock worth $196,746,504 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $204.79 on Friday. The company has a 50 day moving average of $193.84 and a two-hundred day moving average of $176.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.05. The company has a market cap of $588.09 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share 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 firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. As a group, analysts predict that JPMorgan Chase & Co. will post 16.22 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Evercore ISI raised their price target 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. Piper Sandler reduced their target price on shares of 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group reduced their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Finally, Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.05.

View Our Latest Stock 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.

Read More

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.