1,078 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, Holdings Channel reports. The fund bought 1,078 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Capital International Investors boosted its stake in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after purchasing an additional 2,128,478 shares during the period. Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $6,016,878,000. Dimensional Fund Advisors LP lifted its position in JPMorgan Chase & Co. by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock worth $3,629,757,000 after buying an additional 695,502 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock worth $3,389,329,000 after buying an additional 154,426 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in JPMorgan Chase & Co. by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 11,849,090 shares of the financial services provider’s stock worth $2,015,530,000 after buying an additional 462,290 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares in the company, valued at approximately $113,465,006.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,343 shares of company stock worth $14,137,789. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on JPM shares. Piper Sandler raised their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, Morgan Stanley increased their target price on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $202.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock traded up $3.16 on Friday, reaching $211.83. 1,636,527 shares of the stock were exchanged, compared to its average volume of 9,194,646. 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. has a twelve month low of $135.19 and a twelve month high of $217.56. The firm has a market capitalization of $608.31 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.45 and a beta of 1.12. The business has a 50 day moving average price of $202.24 and a two-hundred day moving average price of $191.32.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the business earned $4.37 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

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.