JPMorgan Chase & Co. (NYSE:JPM) Holdings Decreased by Hosking Partners LLP

Key Points

• Hosking Partners LLP reduced its stake in JPMorgan Chase & Co. by 16.0% in the first quarter, now holding 142,332 shares valued at approximately $34.9 million.
• Insider selling activity includes sales by General Counsel Stacey Friedman and COO Jennifer Piepszak, both of whom reduced their stock holdings by over 8%.
• JPMorgan Chase & Co. reported earnings of $4.96 per share for the recent quarter, exceeding analyst expectations, despite a 10.5% decrease in year-over-year revenue.

Hosking Partners LLP decreased its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,332 shares of the financial services provider's stock after selling 27,175 shares during the period. JPMorgan Chase & Co. accounts for 1.5% of Hosking Partners LLP's portfolio, making the stock its 20th largest position. Hosking Partners LLP's holdings in JPMorgan Chase & Co. were worth $34,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $33,000. Measured Risk Portfolios Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $54,000. Institutional investors own 71.55% of the company's stock.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 6,608 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel owned 36,520 shares in the company, valued at approximately $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. 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 transaction, the chief operating officer owned 62,455 shares in the company, valued at $16,392,563.85. This represents a 8.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,557 shares of company stock worth $4,113,796 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $2.36 during mid-day trading on Wednesday, reaching $290.49. The company had a trading volume of 8,416,683 shares, compared to its average volume of 8,127,799. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market cap of $798.77 billion, a PE ratio of 14.90, a P/E/G ratio of 1.95 and a beta of 1.11. The company has a 50-day moving average price of $285.29 and a two-hundred day moving average price of $263.25. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.12 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared 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 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 payout ratio is currently 28.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on JPM. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Bank of America lifted their target price on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Finally, Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $288.68.

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.