Carret Asset Management LLC Buys 678 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Carret Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,022 shares of the financial services provider’s stock after acquiring an additional 678 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.0% of Carret Asset Management LLC’s portfolio, making the stock its 4th biggest holding. Carret Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $21,995,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after acquiring an additional 2,918,554 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after acquiring an additional 5,978,393 shares during the last quarter. Legal & General Group Plc lifted its position in JPMorgan Chase & Co. by 4.2% during the second quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock worth $2,382,439,000 after buying an additional 847,094 shares during the period. Dimensional Fund Advisors LP lifted its position in JPMorgan Chase & Co. by 5.3% during the third quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares during the period. Finally, Franklin Resources Inc. lifted its position in JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JPM shares. Piper Sandler increased their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Monday, February 27th. Barclays increased their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $125.81 on Friday. The company has a market cap of $370.30 billion, a P/E ratio of 10.41, a PEG ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The business’s 50-day simple moving average is $139.06 and its 200 day simple moving average is $129.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $3.33 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the purchase, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.