1,974 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Krueger & Catalano Capital Partners LLC

Krueger & Catalano Capital Partners LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,974 shares of the financial services provider’s stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Meridian Financial Partners LLC grew its holdings in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock valued at $651,000 after buying an additional 76 shares during the last quarter. Eukles Asset Management increased its position in JPMorgan Chase & Co. by 36.5% in the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after buying an additional 85 shares during the period. Shulman DeMeo Asset Management LLC increased its position in JPMorgan Chase & Co. by 1.8% in the 3rd quarter. Shulman DeMeo Asset Management LLC now owns 4,795 shares of the financial services provider’s stock worth $564,000 after buying an additional 86 shares during the period. Liberty Capital Management Inc. increased its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Liberty Capital Management Inc. now owns 17,873 shares of the financial services provider’s stock worth $2,491,000 after buying an additional 87 shares during the period. Finally, TPG Financial Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 4.5% during the third quarter. TPG Financial Advisors LLC now owns 2,104 shares of the financial services provider’s stock worth $248,000 after buying an additional 90 shares during the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $130.91, for a total value of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicole Giles sold 863 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $126.73, for a total transaction of $109,367.99. Following the completion of the transaction, the insider now directly owns 8,949 shares of the company’s stock, valued at approximately $1,134,106.77. The disclosure for this sale can be found here. Insiders sold a total of 121,172 shares of company stock worth $16,158,032 in the last three months. Insiders own 0.76% of the company’s stock.

Several research firms have recently weighed in on JPM. UBS Group cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and increased their price objective for the company from $132.00 to $138.00 in a research report on Monday, January 6th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $146.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $135.29.

JPM opened at $136.84 on Wednesday. The stock’s 50 day simple moving average is $137.06 and its 200-day simple moving average is $122.74. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. The stock has a market cap of $433.46 billion, a PE ratio of 12.76, a P/E/G ratio of 1.84 and a beta of 1.24. JPMorgan Chase & Co. has a 1 year low of $98.09 and a 1 year high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.32 by $0.25. The firm had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. JPMorgan Chase & Co.’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $1.98 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 10.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPMorgan Chase & Co. Company 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 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, payment processing, auto loan, and leasing services.

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

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