149,589 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 149,589 shares of the financial services provider’s stock, valued at approximately $25,445,000. JPMorgan Chase & Co. accounts for 2.0% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 9th largest position.

A number of other hedge funds also recently modified their holdings of the stock. MMA Asset Management LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $207,000. MUFG Securities EMEA plc grew its stake in JPMorgan Chase & Co. by 1,259.6% in the 4th quarter. MUFG Securities EMEA plc now owns 1,210 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,121 shares in the last quarter. Cape Investment Advisory Inc. grew its stake in JPMorgan Chase & Co. by 18.3% in the 4th quarter. Cape Investment Advisory Inc. now owns 4,205 shares of the financial services provider’s stock valued at $715,000 after buying an additional 651 shares in the last quarter. Act Two Investors LLC grew its stake in JPMorgan Chase & Co. by 2.0% in the 4th quarter. Act Two Investors LLC now owns 28,332 shares of the financial services provider’s stock valued at $4,819,000 after buying an additional 559 shares in the last quarter. Finally, Hudson Value Partners LLC grew its stake in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Hudson Value Partners LLC now owns 14,609 shares of the financial services provider’s stock valued at $2,485,000 after buying an additional 76 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,399 shares of company stock worth $46,713,667. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JPM. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Robert W. Baird boosted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $194.10.

Check Out Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of NYSE:JPM traded up $3.79 during midday trading on Monday, hitting $200.71. 7,356,200 shares of the stock traded hands, compared to its average volume of 9,297,501. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $194.71 and its two-hundred day moving average is $178.52. The stock has a market capitalization of $576.37 billion, a PE ratio of 12.12, a P/E/G ratio of 2.72 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $134.40 and a one year high of $205.88.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, research analysts forecast that JPMorgan Chase & Co. will post 16.32 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.29%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

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