JPMorgan Chase & Co. $JPM Stake Boosted by NewSquare Capital LLC

NewSquare Capital LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 89,526 shares of the financial services provider’s stock after purchasing an additional 3,620 shares during the period. JPMorgan Chase & Co. comprises about 1.9% of NewSquare Capital LLC’s investment portfolio, making the stock its 9th biggest position. NewSquare Capital LLC’s holdings in JPMorgan Chase & Co. were worth $25,746,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its position in shares of JPMorgan Chase & Co. by 6.9% during the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 100 shares during the period. Telos Capital Management Inc. grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Telos Capital Management Inc. now owns 65,287 shares of the financial services provider’s stock valued at $16,015,000 after acquiring an additional 457 shares during the period. Narus Financial Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 2.1% in the 1st quarter. Narus Financial Partners LLC now owns 4,057 shares of the financial services provider’s stock worth $995,000 after purchasing an additional 85 shares in the last quarter. Finally, Vision Capital Management Inc. raised its holdings in JPMorgan Chase & Co. by 30.8% in the 1st quarter. Vision Capital Management Inc. now owns 9,240 shares of the financial services provider’s stock worth $2,267,000 after purchasing an additional 2,175 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.5%

JPMorgan Chase & Co. stock opened at $309.28 on Friday. The stock has a market cap of $841.95 billion, a P/E ratio of 15.32, a PEG ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $322.25. The firm’s 50 day moving average price is $307.34 and its 200-day moving average price is $288.98.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. JPMorgan Chase & Co.’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.37 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 6th were given a dividend of $1.50 per share. The ex-dividend date was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $366.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 14th. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 24th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, KGI Securities increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $326.38.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.