BLB&B Advisors LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,518 shares of the financial services provider's stock after selling 3,085 shares during the period. JPMorgan Chase & Co. comprises about 1.6% of BLB&B Advisors LLC's portfolio, making the stock its 16th biggest position. BLB&B Advisors LLC's holdings in JPMorgan Chase & Co. were worth $32,016,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in JPMorgan Chase & Co. by 1.2% during the 4th quarter. SOA Wealth Advisors LLC. now owns 21,337 shares of the financial services provider's stock valued at $5,115,000 after acquiring an additional 255 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after acquiring an additional 1,229 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Magnolia Private Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $657,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 2,821 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel owned 68,757 shares in the company, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jeremy Barnum sold 40,014 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares of the company's stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,200 shares of company stock worth $18,060,015. Corporate insiders own 0.47% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Wells Fargo & Company reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research report on Monday. Robert W. Baird lowered JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a research note on Friday, June 27th. Piper Sandler reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. UBS Group increased their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Finally, Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research note on Monday, June 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and an average target price of $276.80.
View Our Latest Stock Report on JPM
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM traded down $9.11 during trading on Tuesday, reaching $282.86. The stock had a trading volume of 15,432,541 shares, compared to its average volume of 9,554,289. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $786.09 billion, a PE ratio of 13.89, a P/E/G ratio of 2.75 and a beta of 1.10. The firm's 50 day moving average price is $267.94 and its two-hundred day moving average price is $255.26.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the business earned $4.44 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 1.98%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.
JPMorgan Chase & Co. Company Profile
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Free Report)
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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