Wharton Business Group LLC Buys 256 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wharton Business Group LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 199,128 shares of the financial services provider’s stock after purchasing an additional 256 shares during the quarter. JPMorgan Chase & Co. accounts for 1.7% of Wharton Business Group LLC’s holdings, making the stock its 15th biggest holding. Wharton Business Group LLC’s holdings in JPMorgan Chase & Co. were worth $33,872,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Stone House Investment Management LLC grew its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the last quarter. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $40,000. Stuart Chaussee & Associates Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $40,000. Finally, Rakuten Securities Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marianne Lake sold 11,734 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares in the company, valued at approximately $24,550,454.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total value of $596,580.00. Following the completion of the transaction, the insider now directly owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Marianne Lake sold 11,734 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the sale, the chief executive officer now directly owns 122,740 shares in the company, valued at approximately $24,550,454.80. The disclosure for this sale can be found here. Insiders sold 1,078,240 shares of company stock valued at $197,968,219 over the last quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. BMO Capital Markets decreased their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Piper Sandler dropped their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.05.

View Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $201.51 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $133.96 and a fifty-two week high of $201.58. The company has a market cap of $578.67 billion, a PE ratio of 12.17, a P/E/G ratio of 2.45 and a beta of 1.13. 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 business has a 50-day simple moving average of $192.71 and a two-hundred day simple moving average of $174.77.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities analysts expect that JPMorgan Chase & Co. will post 16.21 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.28%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. 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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