Intact Investment Management Inc. Has $16.98 Million Holdings in JPMorgan Chase & Co. $JPM

Intact Investment Management Inc. lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,700 shares of the financial services provider’s stock after purchasing an additional 12,400 shares during the quarter. Intact Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $16,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Elite Wealth Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 2.2% during the 4th quarter. Elite Wealth Management Inc. now owns 4,166 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 91 shares in the last quarter. Pachira Investments Inc. grew its holdings in shares of JPMorgan Chase & Co. by 78.3% during the 4th quarter. Pachira Investments Inc. now owns 2,199 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 966 shares in the last quarter. AlphaStar Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 60.9% during the 4th quarter. AlphaStar Capital Management LLC now owns 40,650 shares of the financial services provider’s stock worth $13,098,000 after purchasing an additional 15,393 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV grew its holdings in shares of JPMorgan Chase & Co. by 8.4% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 9,362 shares of the financial services provider’s stock worth $3,017,000 after purchasing an additional 726 shares in the last quarter. Finally, Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,353,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $300.49 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $805.17 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03. JPMorgan Chase & Co. has a one year low of $256.00 and a one year high of $337.25. The business has a 50 day simple moving average of $299.71 and a 200 day simple moving average of $307.39.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $5.94 EPS for the quarter, topping the consensus estimate of $5.50 by $0.44. The business had revenue of $50.54 billion during the quarter, compared to the consensus estimate of $48.30 billion. JPMorgan Chase & Co. had a return on equity of 17.54% and a net margin of 20.66%.JPMorgan Chase & Co.’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company earned $5.07 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 22.42 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Monday, April 6th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, April 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.74%.

Analysts Set New Price Targets

Several analysts have recently weighed in on JPM shares. Barclays reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, May 6th. DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, April 15th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $325.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Truist Financial raised their target price on JPMorgan Chase & Co. from $323.00 to $332.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Finally, Argus raised their target price on JPMorgan Chase & Co. from $340.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $338.12.

Check Out Our Latest Research Report on JPM

JPMorgan Chase & Co. News Summary

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total transaction of $1,522,036.98. Following the sale, the chief operating officer owned 85,082 shares of the company’s stock, valued at $26,326,072.44. This represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 3,404 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $306.40, for a total transaction of $1,042,985.60. Following the completion of the sale, the general counsel owned 61,949 shares of the company’s stock, valued at $18,981,173.60. The trade was a 5.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 79,849 shares of company stock valued at $24,522,956 in the last 90 days. 0.41% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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

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