JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,805 shares of the financial services provider’s stock after purchasing an additional 2,640 shares during the quarter. JPMorgan Chase & Co. makes up 1.0% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 14th biggest holding. Insigneo Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $5,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Valicenti Advisory Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after acquiring an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.4% during the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 1,439 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 4.4% in the 2nd quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 1,652 shares during the period. Geneos Wealth Management Inc. grew its stake in JPMorgan Chase & Co. by 14.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock worth $7,416,000 after buying an additional 6,264 shares during the last quarter. Finally, Joseph Group Capital Management grew its stake in JPMorgan Chase & Co. by 7.6% during the 2nd quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 916 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders sold a total of 877,626 shares of company stock valued at $159,500,516 over the last three months. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM stock traded down $0.78 during midday trading on Friday, hitting $185.28. 2,577,125 shares of the stock were exchanged, compared to its average volume of 9,257,258. The stock’s 50-day moving average price is $173.91 and its 200-day moving average price is $157.69. The stock has a market cap of $533.67 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.32 and a beta of 1.14. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $186.44. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.73 by ($0.69). The firm had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share 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. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.27%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Thursday, November 2nd. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Check Out Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. 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.

Further Reading

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

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