Kornitzer Capital Management Inc. KS Acquires 2,195 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Kornitzer Capital Management Inc. KS grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,297 shares of the financial services provider’s stock after purchasing an additional 2,195 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in JPMorgan Chase & Co. were worth $25,241,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JPM. AMF Tjanstepension AB increased its holdings in JPMorgan Chase & Co. by 17.2% during the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after buying an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its position in shares of JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 343 shares during the period. Bay Harbor Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 489 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 54 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 334,677 shares of the financial services provider’s stock valued at $70,569,000 after purchasing an additional 13,440 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in JPMorgan Chase & Co. by 10.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 55,560 shares of the financial services provider’s stock valued at $11,715,000 after purchasing an additional 5,213 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

NYSE JPM opened at $259.09 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company has a market cap of $724.43 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 2.83 and a beta of 1.12. The company has a 50 day moving average of $258.01 and a 200-day moving average of $236.53. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Truist Financial raised their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 over the last quarter. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.