Choreo LLC Has $5.93 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Choreo LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,886 shares of the financial services provider’s stock after acquiring an additional 1,664 shares during the quarter. Choreo LLC’s holdings in JPMorgan Chase & Co. were worth $5,929,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Macroview Investment Management LLC raised its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares during the period. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $40,000. FSC Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 288 shares during the period. Legacy Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $58,000. Finally, Robbins Farley raised its stake in JPMorgan Chase & Co. by 29.5% in the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Morgan Stanley increased their price target 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. Piper Sandler increased their price target 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. Barclays upped their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Bank of America upped their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

Check Out Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $175.01 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $503.44 billion, a PE ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The stock has a 50-day moving average price of $168.65 and a two-hundred day moving average price of $155.28.

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 analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same quarter last year, the business earned $3.57 earnings per share. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. Analysts expect that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were issued a $1.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were 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 directly owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,072 shares of company stock worth $6,297,103. 0.79% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

(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.

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

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