Optas LLC Has $2.30 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Optas LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,476 shares of the financial services provider’s stock after purchasing an additional 84 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.6% of Optas LLC’s investment portfolio, making the stock its 29th biggest holding. Optas LLC’s holdings in JPMorgan Chase & Co. were worth $2,299,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 132.8% in 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. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $40,000. Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $35,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $36,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, May 21st. Evercore ISI reissued an “outperform” rating and issued a $210.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $194.65.

JPMorgan Chase & Co. Stock Down 0.3 %

JPM stock opened at $208.29 on Thursday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $210.38. The business’s 50 day simple moving average is $197.57 and its 200 day simple moving average is $186.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $598.14 billion, a PE ratio of 12.58, a PEG ratio of 2.72 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate 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 anticipate that JPMorgan Chase & Co. will post 16.45 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold 250,565 shares of company stock worth $46,962,717 over the last three months. Insiders own 0.79% of the company’s stock.

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.