Hoxton Planning & Management LLC Buys New Stake in JPMorgan Chase & Co. (NYSE:JPM)

Key Points

• Hoxton Planning & Management LLC made a new investment in JPMorgan Chase & Co., acquiring 3,876 shares valued at approximately $951,000 during the first quarter.
• Recent insider activities show both General Counsel Stacey Friedman and COO Jennifer Piepszak sold significant amounts of shares, indicating a decrease in ownership for both executives.
• JPMorgan Chase & Co. reported earnings of $4.96 EPS for the last quarter, exceeding estimates, although revenue showed a 10.5% decline year-over-year.

Hoxton Planning & Management LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,876 shares of the financial services provider's stock, valued at approximately $951,000.

Several other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $28,000. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth approximately $29,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $37,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $44,000. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on JPM shares. Piper Sandler reiterated an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Phillip Securities downgraded shares of JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods boosted their price objective 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. Royal Bank Of Canada set a $305.00 price target on JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Finally, Baird R W downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded down $4.32 during midday trading on Thursday, hitting $287.03. The company's stock had a trading volume of 8,055,914 shares, compared to its average volume of 8,559,338. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The company has a market cap of $797.67 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88. The business's 50 day simple moving average is $282.79 and its 200 day simple moving average is $262.34.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were paid a $1.40 dividend. 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 2.0%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 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.