Cavalier Investments LLC Purchases 29,717 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cavalier Investments LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 632.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,415 shares of the financial services provider’s stock after acquiring an additional 29,717 shares during the period. JPMorgan Chase & Co. accounts for about 2.9% of Cavalier Investments LLC’s investment portfolio, making the stock its 11th largest position. Cavalier Investments LLC’s holdings in JPMorgan Chase & Co. were worth $8,442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth $33,000. Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $37,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. UBS Group boosted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Cowen reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a “hold” rating in a report on Monday, June 2nd. Finally, Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $275.80.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director owned 91,539 shares in the company, valued at $22,884,750. The trade was a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeremy Barnum sold 40,014 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares in the company, valued at $4,518,123.09. This trade represents a 68.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Trading Up 0.5%

Shares of JPM opened at $291.85 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $190.90 and a fifty-two week high of $292.82. The stock has a market capitalization of $811.08 billion, a PE ratio of 14.33, a P/E/G ratio of 2.70 and a beta of 1.10. The company’s fifty day moving average is $264.89 and its 200 day moving average is $253.77.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 21.21% and a return on equity of 16.88%. The business had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter in the previous year, the business posted $4.44 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.49%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.