Atlas Private Wealth Management grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the third quarter, Holdings Channel.com reports. The fund owned 21,739 shares of the financial services provider’s stock after buying an additional 696 shares during the quarter. JPMorgan Chase & Co. comprises about 1.6% of Atlas Private Wealth Management’s holdings, making the stock its 15th biggest position. Atlas Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $2,272,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. HBC Financial Services PLLC lifted its position in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $32,000. Financial Connections Group Inc. raised its stake in JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.
Insider Activity
In other news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the sale, the chief executive officer now directly owns 533,795 shares in the company, valued at $61,797,447.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,964 shares of company stock valued at $4,936,426. 0.79% of the stock is owned by insiders.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, December 12th. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Credit Suisse Group set a $150.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 6th. Piper Sandler initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, December 8th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, October 4th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.39.
JPMorgan Chase & Co. Price Performance
NYSE JPM opened at $139.63 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $169.81. The stock’s 50-day moving average is $133.56 and its two-hundred day moving average is $121.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $409.56 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The company had revenue of $32.72 billion for the quarter, compared to analyst estimates of $31.88 billion. During the same period last year, the company earned $3.74 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.69 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.
JPMorgan Chase & Co. 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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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