Wealth Dimensions Group Ltd. Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Wealth Dimensions Group Ltd. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,392 shares of the financial services provider’s stock after acquiring an additional 213 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $857,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cottage Street Advisors LLC increased its holdings in JPMorgan Chase & Co. by 11,378.2% during the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after buying an additional 4,064,396 shares during the period. Franklin Resources Inc. grew its holdings in JPMorgan Chase & Co. by 27.8% in the fourth quarter. Franklin Resources Inc. now owns 15,027,879 shares of the financial services provider’s stock worth $2,015,239,000 after purchasing an additional 3,264,482 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after buying an additional 2,628,701 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of JPMorgan Chase & Co. by 265.8% during the third quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock worth $354,426,000 after buying an additional 2,464,462 shares during the period. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.2 %

Shares of JPM stock traded up $1.58 during trading hours on Friday, hitting $137.25. The company had a trading volume of 3,735,253 shares, compared to its average volume of 12,767,298. The company’s fifty day moving average is $133.88 and its 200 day moving average is $135.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The stock has a market capitalization of $401.08 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 EPS. Research analysts expect that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. 92 Resources reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Friday, May 12th. Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Finally, Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.65.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the sale, the chief executive officer now directly owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the sale, the chief executive officer now directly owns 282,091 shares of the company’s stock, valued at approximately $38,054,075.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 16,766 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the sale, the insider now directly owns 195,356 shares in the company, valued at $26,373,060. The disclosure for this sale can be found here. Insiders have sold a total of 136,578 shares of company stock worth $18,543,247 in the last ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.