JPMorgan Chase & Co. $JPM Stock Acquired by One Way Holdings LLC

One Way Holdings LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 100,718 shares of the financial services provider’s stock after acquiring an additional 4,764 shares during the quarter. JPMorgan Chase & Co. makes up 1.5% of One Way Holdings LLC’s holdings, making the stock its 20th biggest holding. One Way Holdings LLC’s holdings in JPMorgan Chase & Co. were worth $33,321,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Concorde Asset Management LLC raised its position in JPMorgan Chase & Co. by 1.1% during the second quarter. Concorde Asset Management LLC now owns 2,660 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 29 shares during the period. Elevation Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Elevation Wealth Management LLC now owns 3,074 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 29 shares during the period. Henrickson Nauta Wealth Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,531 shares of the financial services provider’s stock valued at $1,156,000 after purchasing an additional 29 shares during the last quarter. Arkansas Financial Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Arkansas Financial Group Inc. now owns 2,667 shares of the financial services provider’s stock valued at $873,000 after buying an additional 30 shares during the period. Finally, Flynn Zito Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.1% in the second quarter. Flynn Zito Capital Management LLC now owns 2,830 shares of the financial services provider’s stock worth $926,000 after buying an additional 30 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider directly owned 71,047 shares of the company’s stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $395.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a research note on Wednesday, October 14th. Weiss Ratings downgraded shares of JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, October 23rd. Freedom Broker raised shares of JPMorgan Chase & Co. from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Finally, Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $305.00 to $312.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $368.33.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. News Roundup

Here are the key news stories impacting JPMorgan Chase & Co. this week:

JPMorgan Chase & Co. Trading Down 0.8%

Shares of JPM traded down $2.67 during trading hours on Friday, reaching $334.67. 7,818,025 shares of the company traded hands, compared to its average volume of 6,948,441. The firm has a market cap of $889.61 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.34 and a beta of 1.03. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $366.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The stock’s fifty day moving average price is $341.87 and its 200 day moving average price is $323.78.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The financial services provider reported $5.75 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19). The company had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.07 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 23.95 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were given a $1.65 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $6.60 annualized dividend and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.68%.

JPMorgan Chase & Co. Company Profile

(Free Report)

JPMorgan Chase & Co is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management.

The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.

Headquartered in New York City, JPMorgan Chase serves customers across the United States and operates in many international markets.

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

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