JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in JPMorgan Chase & Co. by 14.3%, owning 29,021 shares valued at approximately $7.1 million, now representing about 0.5% of its portfolio.
• Several other investors, including Florida Financial Advisors LLC and Morse Asset Management Inc., have increased their holdings in JPMorgan, indicating a diverse range of institutional activity around the stock.
• JPMorgan Chase reported a quarterly EPS of $4.96, exceeding expectations, with a notable annual revenue decrease of 10.5% compared to the prior year.

Baader Bank Aktiengesellschaft lessened its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 14.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,021 shares of the financial services provider's stock after selling 4,836 shares during the quarter. JPMorgan Chase & Co. accounts for 0.5% of Baader Bank Aktiengesellschaft's portfolio, making the stock its 27th largest position. Baader Bank Aktiengesellschaft's holdings in JPMorgan Chase & Co. were worth $7,111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Brighton Jones LLC lifted its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after buying an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock valued at $46,068,000 after buying an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in JPMorgan Chase & Co. by 16.1% during the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after buying an additional 1,893 shares in the last quarter. KKM Financial LLC lifted its holdings in JPMorgan Chase & Co. by 3.9% during the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock valued at $4,040,000 after buying an additional 640 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $225,000. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JPM. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Royal Bank Of Canada set a $305.00 target price on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Cowen reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Finally, Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $288.68.

Insiders Place Their Bets

In related news, COO Jennifer Piepszak sold 6,128 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares of the company's stock, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the transaction, the general counsel directly owned 68,757 shares of the company's stock, valued at approximately $18,269,422.47. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock valued at $4,113,796 in the last ninety days. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded up $1.61 during trading hours on Friday, reaching $288.55. 6,633,369 shares of the company were exchanged, compared to its average volume of 8,541,502. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.25. The stock's 50-day moving average is $283.74 and its 200-day moving average is $262.70. The firm has a market cap of $793.44 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the prior year, the firm earned $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.73%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.