CANADA LIFE ASSURANCE Co Buys 46,551 Shares of JPMorgan Chase & Co. (NYSE:JPM)

CANADA LIFE ASSURANCE Co grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,379,891 shares of the financial services provider’s stock after acquiring an additional 46,551 shares during the period. JPMorgan Chase & Co. comprises 1.0% of CANADA LIFE ASSURANCE Co’s investment portfolio, making the stock its 14th biggest position. CANADA LIFE ASSURANCE Co owned approximately 0.08% of JPMorgan Chase & Co. worth $477,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. Retirement Group LLC lifted its stake in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $34,000. Davidson Capital Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $40,000. 71.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 585,898 shares in the company, valued at $113,465,006.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the sale, the insider now owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,343 shares of company stock valued at $14,137,789. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research analyst reports. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $202.89.

JPMorgan Chase & Co. Trading Up 0.1 %

NYSE:JPM opened at $208.70 on Friday. The company has a 50-day moving average price of $202.24 and a 200-day moving average price of $191.32. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $599.32 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 2.45 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the company posted $4.37 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a dividend of $1.15 per share. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

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, 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.