JPMorgan Chase & Co. (NYSE:JPM) Stake Boosted by TAGStone Capital Inc.

TAGStone Capital Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,343 shares of the financial services provider’s stock after purchasing an additional 117 shares during the period. TAGStone Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $340,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted 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 worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $3,894,646,000. Morgan Stanley lifted its position in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Barclays PLC grew its holdings in JPMorgan Chase & Co. by 51.6% during the 2nd quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock worth $1,225,037,000 after acquiring an additional 2,868,091 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Bank of America increased their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Stock Analysis on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock valued at $6,297,103 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $175.01 on Monday. The stock’s fifty day simple moving average is $168.65 and its 200 day simple moving average is $155.28. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $503.44 billion, a PE ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period in the prior year, the business earned $3.57 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts predict that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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

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