Mission Wealth Management LP Buys 161 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mission Wealth Management LP raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,238 shares of the financial services provider’s stock after acquiring an additional 161 shares during the quarter. Mission Wealth Management LP’s holdings in JPMorgan Chase & Co. were worth $1,845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. United Bank raised its position in shares of JPMorgan Chase & Co. by 1.0% in the second quarter. United Bank now owns 30,398 shares of the financial services provider’s stock worth $3,398,000 after buying an additional 287 shares in the last quarter. Kanawha Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Kanawha Capital Management LLC now owns 114,983 shares of the financial services provider’s stock worth $12,855,000 after purchasing an additional 515 shares during the period. Arjuna Capital lifted its stake in JPMorgan Chase & Co. by 1.0% in the second quarter. Arjuna Capital now owns 38,797 shares of the financial services provider’s stock worth $4,338,000 after purchasing an additional 379 shares during the last quarter. Victory Capital Management Inc. boosted its position in JPMorgan Chase & Co. by 32.2% during the second quarter. Victory Capital Management Inc. now owns 193,635 shares of the financial services provider’s stock valued at $21,648,000 after buying an additional 47,188 shares during the period. Finally, Outlook Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.0% in the second quarter. Outlook Wealth Advisors LLC now owns 3,230 shares of the financial services provider’s stock worth $361,000 after buying an additional 123 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Several brokerages recently weighed in on JPM. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $146.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 15th. Societe Generale cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $141.00 to $149.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated a “buy” rating and issued a $145.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. Finally, ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $135.29.

Shares of JPMorgan Chase & Co. stock opened at $136.84 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.92. The stock has a market capitalization of $433.46 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. JPMorgan Chase & Co. has a 52-week low of $98.09 and a 52-week high of $141.10. The company has a 50-day simple moving average of $137.06 and a two-hundred day simple moving average of $122.74.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The firm had revenue of $28.30 billion for the quarter, compared to analysts’ expectations of $27.69 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 10.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. JPMorgan Chase & Co.’s payout ratio is currently 34.35%.

In related news, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the sale, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicole Giles sold 863 shares of JPMorgan Chase & Co. stock in a transaction on Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the sale, the insider now directly owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,172 shares of company stock valued at $16,158,032. 0.76% of the stock is owned by company insiders.

JPMorgan Chase & Co. Profile

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 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, payment processing, auto loan, and leasing services.

Read More: Dividend Reinvestment Plan (DRIP)

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

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