Invesco LLC Buys 229 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Invesco LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,622 shares of the financial services provider’s stock after purchasing an additional 229 shares during the period. JPMorgan Chase & Co. comprises about 1.1% of Invesco LLC’s investment portfolio, making the stock its 22nd largest position. Invesco LLC’s holdings in JPMorgan Chase & Co. were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JPM. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 129,902 shares of the financial services provider’s stock valued at $22,096,000 after acquiring an additional 699 shares during the last quarter. Cowa LLC raised its position in shares of JPMorgan Chase & Co. by 9.3% in the fourth quarter. Cowa LLC now owns 2,905 shares of the financial services provider’s stock valued at $494,000 after buying an additional 246 shares during the last quarter. Howard Capital Management Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.1% in the fourth quarter. Howard Capital Management Group LLC now owns 211,334 shares of the financial services provider’s stock valued at $35,948,000 after buying an additional 2,214 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 33.4% in the fourth quarter. Pacer Advisors Inc. now owns 245,786 shares of the financial services provider’s stock valued at $41,808,000 after buying an additional 61,491 shares during the last quarter. Finally, Exeter Financial LLC raised its position in shares of JPMorgan Chase & Co. by 6.4% in the fourth quarter. Exeter Financial LLC now owns 2,158 shares of the financial services provider’s stock valued at $368,000 after buying an additional 130 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of NYSE:JPM opened at $208.80 on Thursday. The firm’s 50 day moving average price is $202.11 and its 200 day moving average price is $191.20. The stock has a market cap of $599.60 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.47 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $217.56. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the company earned $4.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.20%. JPMorgan Chase & Co.’s payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. Oppenheimer increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $202.89.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 5,086 shares of the firm’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 transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,343 shares of company stock valued at $14,137,789. 0.79% of the stock is owned by corporate insiders.

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.