Venture Visionary Partners LLC Has $31.17 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Venture Visionary Partners LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 157.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 204,755 shares of the financial services provider’s stock after purchasing an additional 125,305 shares during the quarter. JPMorgan Chase & Co. accounts for 2.6% of Venture Visionary Partners LLC’s portfolio, making the stock its 4th biggest position. Venture Visionary Partners LLC’s holdings in JPMorgan Chase & Co. were worth $31,169,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cypress Point Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $25,000. Inspire Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $27,000. Retirement Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Tower View Investment Management & Research LLC boosted its holdings in shares of JPMorgan Chase & Co. by 71.8% in the first quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock valued at $34,000 after buying an additional 94 shares during the period. Finally, TFO TDC LLC boosted its holdings in JPMorgan Chase & Co. by 107.6% during the fourth quarter. TFO TDC LLC now owns 357 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 185 shares during the last quarter. 69.02% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. stock opened at $153.36 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $82.40 and a 52-week high of $161.69. The firm has a 50 day moving average price of $153.31 and a two-hundred day moving average price of $133.55. The firm has a market cap of $465.00 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.87 and a beta of 1.23.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 13th. The financial services provider reported $4.50 earnings per share for the quarter, beating the consensus estimate of $3.10 by $1.40. The company had revenue of $32.30 billion during the quarter, compared to analyst estimates of $29.97 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. JPMorgan Chase & Co.’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 7.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 30th. Stockholders of record on Tuesday, April 6th were paid a $0.90 dividend. The ex-dividend date of this dividend was Monday, April 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

Several research analysts recently commented on the stock. Barclays restated a “buy” rating and set a $187.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, April 14th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $170.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, April 21st. Daiwa Capital Markets assumed coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price objective on the stock. Finally, Credit Suisse Group raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, March 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $146.89.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 11,930 shares of the business’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $150.91, for a total transaction of $1,800,356.30. Also, CEO Mary E. Erdoes sold 19,188 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $150.90, for a total transaction of $2,895,469.20. Insiders sold a total of 61,130 shares of company stock valued at $9,224,636 in the last quarter. 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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Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

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