Catalyst Financial Partners LLC Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Catalyst Financial Partners LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,855 shares of the financial services provider’s stock after purchasing an additional 704 shares during the quarter. JPMorgan Chase & Co. comprises about 0.5% of Catalyst Financial Partners LLC’s holdings, making the stock its 29th largest position. Catalyst Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Cantor Fitzgerald Investment Advisor L.P raised its position in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $2,455,000. LSV Asset Management grew its stake in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares in the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.9 %

Shares of JPM stock opened at $139.58 on Friday. 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 cap of $407.89 billion, a P/E ratio of 10.30, a P/E/G ratio of 2.00 and a beta of 1.10. The business has a fifty day simple moving average of $138.71 and a 200-day simple moving average of $136.41. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.

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JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter last year, the business posted $2.63 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 14.35 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total value of $350,929.98. Following the sale, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Insiders have sold a total of 145,861 shares of company stock valued at $19,858,275 over the last quarter. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Credit Suisse Group upped their price objective on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Royal Bank of Canada reduced their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Piper Sandler upped their target price 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 research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $157.65.

JPMorgan Chase & Co. Profile

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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.