JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,532,454 shares of the financial services provider’s stock after purchasing an additional 558,446 shares during the period. JPMorgan Chase & Co. comprises about 1.1% of Corient Private Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Corient Private Wealth LLC owned about 0.12% of JPMorgan Chase & Co. worth $600,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new stake in JPMorgan Chase & Co. in the third quarter valued at about $234,000. Teamwork Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 17.1% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 2,550 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 373 shares during the last quarter. Tranquility Partners LLC increased its position in shares of JPMorgan Chase & Co. by 7.6% during the 3rd quarter. Tranquility Partners LLC now owns 19,360 shares of the financial services provider’s stock worth $2,808,000 after purchasing an additional 1,372 shares in the last quarter. Hedges Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 18.6% during the 3rd quarter. Hedges Asset Management LLC now owns 5,100 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 800 shares during the last quarter. Finally, HF Advisory Group LLC boosted its position in JPMorgan Chase & Co. by 3.8% in the third quarter. HF Advisory Group LLC now owns 9,920 shares of the financial services provider’s stock valued at $1,448,000 after buying an additional 367 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group increased their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Finally, BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $194.10.

Insiders Place Their Bets

In related news, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at $9,304,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now directly owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.64, for a total value of $1,062,990.72. Following the completion of the transaction, the insider now directly owns 46,375 shares in the company, valued at approximately $9,304,680. The disclosure for this sale can be found here. Insiders have sold 249,399 shares of company stock valued at $46,713,667 in the last 90 days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $198.29 on Thursday. The stock has a market capitalization of $569.42 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.75 and a beta of 1.13. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $205.88. The firm has a fifty day simple moving average of $194.32 and a 200 day simple moving average of $177.52. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company 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%. Research analysts forecast that JPMorgan Chase & Co. will post 16.31 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

JPMorgan Chase & Co. Company 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 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.