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

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of JPMorgan Chase & Co. (NYSE:JPM). In a filing disclosed on January 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in JPMorgan Chase & Co. stock on January 8th. The trade occurred in the Representative’s “TGR TRUST” account.

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

• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Old Dominion Freight Line (NASDAQ:ODFL) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Eli Lilly and Company (NYSE:LLY) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Devon Energy (NYSE:DVN) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Norfolk Southern (NYSE:NSC) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Cardinal Health (NYSE:CAH) on 1/21/2025.

JPMorgan Chase & Co. Trading Up 0.4 %

JPM stock opened at $266.94 on Wednesday. JPMorgan Chase & Co. has a 1-year low of $171.30 and a 1-year high of $267.33. The firm has a market cap of $751.53 billion, a P/E ratio of 13.52, a P/E/G ratio of 2.83 and a beta of 1.11. The business’s 50 day moving average is $246.08 and its 200-day moving average is $226.92. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

Institutional Trading of JPMorgan Chase & Co.

A number of institutional investors have recently bought and sold shares of the company. Canvas Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 1.8% during the fourth quarter. Canvas Wealth Advisors LLC now owns 12,039 shares of the financial services provider’s stock valued at $2,886,000 after acquiring an additional 209 shares during the last quarter. Angeles Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 21.7% during the fourth quarter. Angeles Wealth Management LLC now owns 17,940 shares of the financial services provider’s stock valued at $4,300,000 after acquiring an additional 3,201 shares during the last quarter. Liberty Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Liberty Capital Management Inc. now owns 25,764 shares of the financial services provider’s stock worth $6,176,000 after purchasing an additional 69 shares in the last quarter. OMC Financial Services LTD boosted its position in shares of JPMorgan Chase & Co. by 35.1% during the 4th quarter. OMC Financial Services LTD now owns 7,840 shares of the financial services provider’s stock worth $1,879,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Wealthstar Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $445,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on JPM. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Daiwa Capital Markets dropped their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $251.78.

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 is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.