Norden Group LLC Has $5.12 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Norden Group LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,341 shares of the financial services provider’s stock after purchasing an additional 623 shares during the period. Norden Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,116,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. IFG Advisors LLC increased its holdings in JPMorgan Chase & Co. by 4.9% during the 4th quarter. IFG Advisors LLC now owns 8,467 shares of the financial services provider’s stock worth $2,030,000 after purchasing an additional 393 shares in the last quarter. Kinsale Capital Group Inc. increased its holdings in JPMorgan Chase & Co. by 11.1% during the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider’s stock worth $10,483,000 after purchasing an additional 4,375 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 27.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 38,737 shares of the financial services provider’s stock worth $9,271,000 after purchasing an additional 8,327 shares in the last quarter. Maia Wealth LLC increased its holdings in JPMorgan Chase & Co. by 17.1% during the 4th quarter. Maia Wealth LLC now owns 4,912 shares of the financial services provider’s stock worth $1,306,000 after purchasing an additional 716 shares in the last quarter. Finally, BlueStem Wealth Partners LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $344,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,326 shares of company stock worth $12,448,445. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JPM shares. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Bank of America raised their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Citigroup raised their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Finally, Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

JPMorgan Chase & Co. Trading Down 0.5 %

Shares of JPM stock opened at $227.89 on Thursday. The firm has a 50 day moving average price of $258.81 and a two-hundred day moving average price of $238.70. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $637.22 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

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.