JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Shelton Capital Management

Shelton Capital Management lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 42.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,373 shares of the financial services provider’s stock after buying an additional 34,035 shares during the quarter. Shelton Capital Management’s holdings in JPMorgan Chase & Co. were worth $16,634,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in JPMorgan Chase & Co. by 97,681.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares during the last quarter. Morgan Stanley lifted its holdings in shares of JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Geode Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after acquiring an additional 1,061,831 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in JPMorgan Chase & Co. by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after purchasing an additional 2,285,429 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Oppenheimer raised their price objective on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Jefferies Financial Group decreased their target price on JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Finally, Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $168.80.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $153.29 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $159.38. The business has a 50 day moving average price of $145.23 and a two-hundred day moving average price of $145.34. The firm has a market cap of $443.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. The business had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.12 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, October 5th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio is 25.07%.

JPMorgan Chase & Co. Company 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, 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.