McGowan Group Asset Management Inc. Buys 836 Shares of JPMorgan Chase & Co. (NYSE:JPM)

McGowan Group Asset Management Inc. boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,112 shares of the financial services provider’s stock after buying an additional 836 shares during the period. McGowan Group Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in JPM. Bank Julius Baer & Co. Ltd Zurich grew its holdings in JPMorgan Chase & Co. by 97,681.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares during the last quarter. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC lifted its position in JPMorgan Chase & Co. by 2.1% during the first quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after buying an additional 1,061,831 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in JPMorgan Chase & Co. by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after buying an additional 2,285,429 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM opened at $153.29 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $443.16 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The stock’s fifty day simple moving average is $145.23 and its 200 day simple moving average is $145.34. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.38. The business had revenue of $40.69 billion for the quarter, compared to analyst estimates of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the company posted $3.12 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Analysts Set New Price Targets

A number of equities research analysts have commented on JPM shares. HSBC initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price on the stock. Oppenheimer boosted their target price on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Finally, Piper Sandler boosted their target price on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $168.80.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.