Los Angeles Capital Management LLC Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Los Angeles Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,287,369 shares of the financial services provider’s stock after buying an additional 115,673 shares during the period. JPMorgan Chase & Co. comprises 0.9% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 19th biggest holding. Los Angeles Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $257,860,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JPM. NBC Securities Inc. increased its stake in JPMorgan Chase & Co. by 2.1% in the 1st quarter. NBC Securities Inc. now owns 44,232 shares of the financial services provider’s stock valued at $8,859,000 after purchasing an additional 917 shares in the last quarter. CWM LLC increased its stake in JPMorgan Chase & Co. by 10.7% in the 1st quarter. CWM LLC now owns 327,311 shares of the financial services provider’s stock valued at $65,560,000 after purchasing an additional 31,517 shares in the last quarter. Cullen Investment Group LTD. increased its stake in JPMorgan Chase & Co. by 1.2% in the 1st quarter. Cullen Investment Group LTD. now owns 102,334 shares of the financial services provider’s stock valued at $20,350,000 after purchasing an additional 1,233 shares in the last quarter. Moseley Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 0.6% in the 1st quarter. Moseley Investment Management Inc. now owns 18,009 shares of the financial services provider’s stock valued at $3,607,000 after purchasing an additional 100 shares in the last quarter. Finally, Orrstown Financial Services Inc. increased its stake in JPMorgan Chase & Co. by 3.9% in the 1st quarter. Orrstown Financial Services Inc. now owns 6,494 shares of the financial services provider’s stock valued at $1,301,000 after purchasing an additional 242 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock valued at $47,728,528 over the last three months. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on JPM shares. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Piper Sandler raised their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Evercore ISI raised their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. Finally, UBS Group raised their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

Get Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Trading Up 1.0 %

JPMorgan Chase & Co. stock traded up $2.02 during midday trading on Wednesday, reaching $197.00. The stock had a trading volume of 9,022,971 shares, compared to its average volume of 8,102,191. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $205.88. The stock has a market capitalization of $565.72 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $194.83 and its 200 day simple moving average is $184.02.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Analysts expect that JPMorgan Chase & Co. will post 16.41 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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