Cwm LLC Lowers Position in JPMorgan Chase & Co. $JPM

Key Points

• Cwm LLC reduced its position in JPMorgan Chase & Co. by 0.3%, ending with 425,818 shares valued at $123.4 million.
• JPMorgan Chase & Co. recently reported a quarterly EPS of $5.07, exceeding expectations, with revenues of $46.43 billion, marking an 8.8% increase year-over-year.
• The company announced a quarterly dividend increase to $1.50 per share, up from $1.40, providing a yield of 2.0% for investors.

Cwm LLC lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 425,818 shares of the financial services provider's stock after selling 1,357 shares during the period. Cwm LLC's holdings in JPMorgan Chase & Co. were worth $123,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $30,000. Ryan Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $37,000. Christopher J. Hasenberg Inc increased its stake in JPMorgan Chase & Co. by 212.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider's stock worth $45,000 after purchasing an additional 106 shares during the period. Finally, Goodman Advisory Group LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.7%

JPM stock opened at $297.09 on Wednesday. The stock has a market capitalization of $816.92 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.83 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $318.01. The business has a fifty day moving average price of $303.16 and a 200-day moving average price of $279.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts' consensus estimates of $4.83 by $0.24. The company had revenue of $46.43 billion during the quarter, compared to analysts' expectations of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.JPMorgan Chase & Co.'s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.37 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 29.72%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Phillip Securities cut JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 15th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday, June 27th. Finally, Truist Financial lifted their price target on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the company a "hold" rating in a research report on Tuesday, September 23rd. Fifteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $322.86.

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.

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