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

Burns Matteson Capital Management LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 32.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,429 shares of the financial services provider’s stock after purchasing an additional 351 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $6,016,878,000. International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $1,017,893,000. Swedbank AB acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth about $800,130,000. Capital Research Global Investors increased its stake in shares of JPMorgan Chase & Co. by 23.3% during the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after acquiring an additional 3,252,451 shares during the last quarter. Finally, Capital International Investors increased its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 2.8 %

JPM traded up $5.38 on Tuesday, reaching $200.28. The company’s stock had a trading volume of 10,600,777 shares, compared to its average volume of 9,327,682. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $217.56. The business’s 50 day moving average is $203.36 and its 200 day moving average is $193.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The stock has a market cap of $575.14 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

Insiders Place Their Bets

In other news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the sale, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mary E. Erdoes sold 15,895 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the transaction, the chief executive officer now owns 585,898 shares in the company, valued at $113,465,006.68. The disclosure for this sale can be found here. Insiders sold a total of 50,514 shares of company stock valued at $9,970,414 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Piper Sandler boosted their target price 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. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Oppenheimer raised their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.71.

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.