JPMorgan Chase & Co. $JPM Shares Purchased by RAM Investment Partners LLC

RAM Investment Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 63.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,555 shares of the financial services provider’s stock after purchasing an additional 994 shares during the quarter. RAM Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $741,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JPM. Kingstone Capital Partners Texas LLC grew its stake in JPMorgan Chase & Co. by 609,867.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock valued at $21,133,630,000 after acquiring an additional 72,885,260 shares during the last quarter. Nuveen LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $3,972,807,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $485,802,000. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $458,104,000. Finally, National Bank of Canada FI increased its stake in shares of JPMorgan Chase & Co. by 44.4% during the 1st quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock worth $1,108,415,000 after purchasing an additional 1,388,992 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their position. The SEC filing for this sale provides additional information. 0.47% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. Citigroup increased their target price on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday, September 24th. Daiwa Capital Markets upped their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Truist Financial increased their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $345.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of JPMorgan Chase & Co. from $300.00 to $320.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $326.38.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $297.82 on Monday. The company has a market cap of $810.74 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.84 and a beta of 1.14. The business has a fifty day simple moving average of $307.43 and a 200-day simple moving average of $291.79. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $322.25. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $4.37 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were given a $1.50 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

JPMorgan Chase & Co. Company Profile

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.