Chatham Capital Group Inc. Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Chatham Capital Group Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,782 shares of the financial services provider’s stock after acquiring an additional 375 shares during the quarter. Chatham Capital Group Inc.’s holdings in JPMorgan Chase & Co. were worth $3,161,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Chase & Co. by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,706,258 shares of the financial services provider’s stock valued at $682,502,000 after purchasing an additional 91,416 shares in the last quarter. Sei Investments Co. grew its holdings in JPMorgan Chase & Co. by 0.3% in the third quarter. Sei Investments Co. now owns 720,226 shares of the financial services provider’s stock valued at $104,460,000 after purchasing an additional 2,338 shares during the period. Rainsberger Wealth Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 3.4% in the third quarter. Rainsberger Wealth Advisors Inc. now owns 10,460 shares of the financial services provider’s stock valued at $1,517,000 after buying an additional 340 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in shares of JPMorgan Chase & Co. by 6.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 2,168,577 shares of the financial services provider’s stock worth $314,563,000 after buying an additional 127,890 shares during the period. Finally, Cito Capital Group LLC lifted its position in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Cito Capital Group LLC now owns 19,148 shares of the financial services provider’s stock valued at $2,777,000 after buying an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.3 %

JPM opened at $208.29 on Thursday. The stock has a market capitalization of $598.14 billion, a PE ratio of 12.58, a P/E/G ratio of 2.72 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $210.38. 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’s 50 day moving average price is $197.57 and its 200 day moving average price is $186.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.45 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now directly owns 217,351 shares in the company, valued at approximately $42,087,847.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders sold a total of 250,565 shares of company stock worth $46,962,717 over the last three months. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Morgan Stanley reduced 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 research report on Tuesday, May 21st. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Robert W. Baird increased their target price on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, Piper Sandler lifted their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $194.65.

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 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.