JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in JPMorgan Chase & Co. by 20.0%, owning 364,114 shares valued at approximately $89.3 million.
• Insider trading revealed that General Counsel Stacey Friedman and COO Jennifer Piepszak sold shares, resulting in a 3.94% and 8.94% decrease in their respective holdings.
• JPMorgan reported earnings of $4.96 per share for the last quarter, surpassing estimates and reflecting a 10.5% year-on-year decline in revenue.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,114 shares of the financial services provider's stock after selling 91,200 shares during the quarter. JPMorgan Chase & Co. accounts for 1.1% of Fjarde AP Fonden Fourth Swedish National Pension Fund's investment portfolio, making the stock its 18th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in JPMorgan Chase & Co. were worth $89,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of 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 worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of JPMorgan Chase & Co. by 0.6% in 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 in the last quarter. Highview Capital Management LLC DE lifted its stake 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 worth $3,266,000 after acquiring an additional 1,893 shares in the last quarter. KKM Financial LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider's stock worth $4,040,000 after acquiring an additional 640 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of JPMorgan Chase & Co. by 6.2% in the fourth quarter. First Trust Advisors LP now owns 1,788,544 shares of the financial services provider's stock worth $428,732,000 after acquiring an additional 104,355 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction on Tuesday, May 20th. The stock was 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 owned 68,757 shares in the company, valued at approximately $18,269,422.47. This represents a 3.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on 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 sale, the chief operating officer owned 62,455 shares of the company's stock, valued at $16,392,563.85. This trade represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,557 shares of company stock valued at $4,113,796 in the last quarter. Insiders own 0.47% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of several research reports. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. 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. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Three 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $288.68.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $290.48 on Friday. JPMorgan Chase & Co. has a 12-month low of $200.61 and a 12-month high of $301.29. The firm has a market capitalization of $798.75 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.11. The business has a 50 day simple moving average of $286.42 and a 200 day simple moving average of $263.59. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $6.12 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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

JPMorgan Chase & Co. Company 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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