JPMorgan Chase & Co. (NYSE:JPM) Stock Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of JPMorgan Chase & Co. (NYSE:JPM). In a filing disclosed on October 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in JPMorgan Chase & Co. stock on October 4th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of Lam Research (NASDAQ:LRCX) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 10/4/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 9/20/2024.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 9/20/2024.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 9/20/2024.

JPMorgan Chase & Co. Stock Up 0.4 %

NYSE:JPM traded up $0.95 during mid-day trading on Thursday, reaching $224.59. The stock had a trading volume of 4,049,594 shares, compared to its average volume of 9,109,565. The company has a market capitalization of $644.95 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.85. The stock’s 50 day simple moving average is $213.22 and its two-hundred day simple moving average is $204.17. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the previous year, the firm posted $4.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.75 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.23%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.89%.

Hedge Funds Weigh In On JPMorgan Chase & Co.

Several large investors have recently bought and sold shares of JPM. Keyes Stange & Wooten Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $1,394,000. Symmetry Investments LP lifted its stake in shares of JPMorgan Chase & Co. by 112.4% during the 4th quarter. Symmetry Investments LP now owns 48,366 shares of the financial services provider’s stock worth $8,227,000 after buying an additional 25,594 shares during the last quarter. Mmbg Investment Advisors CO. lifted its stake in shares of JPMorgan Chase & Co. by 4.4% during the 4th quarter. Mmbg Investment Advisors CO. now owns 170,120 shares of the financial services provider’s stock worth $28,937,000 after buying an additional 7,235 shares during the last quarter. MGO One Seven LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.5% during the 4th quarter. MGO One Seven LLC now owns 87,139 shares of the financial services provider’s stock worth $14,822,000 after buying an additional 6,059 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $1,936,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JPM. Daiwa Capital Markets reduced their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Finally, Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.