Livforsakringsbolaget Skandia Omsesidigt Has $24.57 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,484 shares of the financial services provider’s stock after acquiring an additional 3,600 shares during the period. JPMorgan Chase & Co. makes up about 2.0% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 8th largest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in JPMorgan Chase & Co. were worth $24,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 132.8% during the fourth 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 during the period. Retirement Group LLC boosted its stake in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $34,000. Davidson Capital Management Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter valued at $40,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Marianne Lake sold 11,734 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares in the company, valued at approximately $24,550,454.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at approximately $24,550,454.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 5,298 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the transaction, the insider now directly owns 46,375 shares of the company’s stock, valued at approximately $9,304,680. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,533 shares of company stock worth $5,310,756. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of several research analyst reports. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Finally, Piper Sandler lifted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Stock Down 0.0 %

JPMorgan Chase & Co. stock traded down $0.02 during trading hours on Monday, hitting $205.78. 2,205,871 shares of the stock traded hands, compared to its average volume of 9,246,012. The firm’s 50-day moving average price is $203.58 and its two-hundred day moving average price is $194.43. 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 company has a market cap of $590.93 billion, a PE ratio of 11.53, a PEG ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same period in the previous year, the firm posted $4.37 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th were paid a dividend of $1.15 per share. The ex-dividend date was Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.24%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.