Security National Bank Purchases Shares of 5,472 JPMorgan Chase & Co. (NYSE:JPM)


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Security National Bank purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, Holdings Channel.com reports. The fund purchased 5,472 shares of the financial services provider’s stock, valued at approximately $833,000.

A number of other institutional investors also recently made changes to their positions in JPM. Norges Bank purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $3,501,714,000. Sanders Capital LLC increased its stake in JPMorgan Chase & Co. by 364.4% in the fourth quarter. Sanders Capital LLC now owns 12,191,489 shares of the financial services provider’s stock valued at $1,661,572,000 after purchasing an additional 9,566,427 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in JPMorgan Chase & Co. by 22.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,288,837 shares of the financial services provider’s stock valued at $3,848,803,000 after purchasing an additional 5,610,076 shares during the last quarter. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 5.5% in the fourth quarter. Morgan Stanley now owns 39,207,003 shares of the financial services provider’s stock valued at $4,982,034,000 after purchasing an additional 2,044,249 shares during the last quarter. Finally, FMR LLC increased its stake in JPMorgan Chase & Co. by 4.6% in the fourth quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock valued at $4,886,911,000 after purchasing an additional 1,691,888 shares during the last quarter. Institutional investors own 69.02% of the company’s stock.

JPM has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “underweight” rating in a research report on Monday, March 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Monday, February 1st. Finally, Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $110.00 to $152.00 in a research report on Thursday, January 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $138.89.

JPMorgan Chase & Co. stock traded down $0.63 during midday trading on Thursday, reaching $154.30. The company’s stock had a trading volume of 444,450 shares, compared to its average volume of 15,497,205. JPMorgan Chase & Co. has a fifty-two week low of $82.40 and a fifty-two week high of $161.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50 day simple moving average is $152.02 and its 200 day simple moving average is $126.38. The firm has a market capitalization of $470.85 billion, a PE ratio of 20.25, a P/E/G ratio of 2.87 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $1.17. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.22 billion during the quarter, compared to the consensus estimate of $28.74 billion. During the same quarter last year, the company earned $2.57 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 30th. Shareholders of record on Tuesday, April 6th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the firm’s stock in a transaction on Friday, January 29th. The stock was sold at an average price of $129.84, for a total value of $2,857,908.24. 0.78% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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

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