Truvestments Capital LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,288 shares of the financial services provider’s stock after acquiring an additional 187 shares during the period. Truvestments Capital LLC’s holdings in JPMorgan Chase & Co. were worth $333,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of JPMorgan Chase & Co. by 97,681.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in 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 valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Morgan Stanley boosted its holdings 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 valued at $7,918,506,000 after buying an additional 8,088,433 shares during the period. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 1,061,831 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of 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 acquiring an additional 2,285,429 shares during the period. Institutional investors own 68.94% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on JPM shares. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Evercore ISI boosted their target price on JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They set a “hold” rating for the company. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $158.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.80.
Insiders Place Their Bets
In other news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.3 %
Shares of NYSE JPM opened at $153.29 on Tuesday. The stock has a 50-day moving average price of $145.23 and a two-hundred day moving average price of $145.34. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $159.38. 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 company has a market cap of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $3.95 by $0.38. The business had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The firm’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.12 EPS. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.67 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, October 31st. Investors of record on Friday, October 6th were issued a dividend of $1.05 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.
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.
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