Oak Harvest Investment Services Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Oak Harvest Investment Services boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the first quarter, Holdings Channel reports. The firm owned 52,815 shares of the financial services provider’s stock after purchasing an additional 2,014 shares during the quarter. JPMorgan Chase & Co. comprises about 3.1% of Oak Harvest Investment Services’ holdings, making the stock its 5th biggest position. Oak Harvest Investment Services’ holdings in JPMorgan Chase & Co. were worth $8,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JPM. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,501,714,000. Sanders Capital LLC raised its position in JPMorgan Chase & Co. by 364.4% in the fourth quarter. Sanders Capital LLC now owns 12,191,489 shares of the financial services provider’s stock worth $1,661,572,000 after acquiring an additional 9,566,427 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of JPMorgan Chase & Co. by 22.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,288,837 shares of the financial services provider’s stock worth $3,848,803,000 after purchasing an additional 5,610,076 shares in the last quarter. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 5.5% in the fourth quarter. Morgan Stanley now owns 39,207,003 shares of the financial services provider’s stock worth $4,982,034,000 after purchasing an additional 2,044,249 shares in the last quarter. Finally, FMR LLC increased its stake in shares of JPMorgan Chase & Co. by 4.6% in the fourth quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock worth $4,886,911,000 after purchasing an additional 1,691,888 shares in the last quarter. Institutional investors own 69.02% of the company’s stock.

In other news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total value of $2,857,908.24. Insiders own 0.78% of the company’s stock.

JPM traded down $0.29 on Monday, reaching $155.99. 533,884 shares of the company traded hands, compared to its average volume of 15,173,702. JPMorgan Chase & Co. has a one year low of $82.40 and a one year high of $161.69. The firm has a fifty day simple moving average of $152.43 and a two-hundred day simple moving average of $126.97. The company has a market cap of $472.98 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $1.17. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The company had revenue of $29.22 billion during the quarter, compared to analyst estimates of $28.74 billion. During the same quarter last year, the business posted $2.57 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Tuesday, April 6th will be issued a $0.90 dividend. The ex-dividend date is Monday, April 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

A number of analysts have recently issued reports on JPM shares. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $142.00 to $150.00 and gave the stock an “underweight” rating in a research note on Monday, March 8th. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research note on Monday, February 1st. Daiwa Capital Markets started coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 6th. They issued an “outperform” rating and a $139.00 price objective for the company. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, January 11th. Finally, DA Davidson raised their target price on shares of JPMorgan Chase & Co. from $147.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, January 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and an average price target of $140.08.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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