JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 348,140 shares of the financial services provider's stock after selling 12,867 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.0% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 11th largest holding. Mutual of America Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $85,399,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wimmer Associates 1 LLC increased its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock valued at $986,000 after purchasing an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock valued at $3,340,000 after purchasing an additional 40 shares in the last quarter. Jackson Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 4.4% during the 1st quarter. Jackson Wealth Management LLC now owns 1,026 shares of the financial services provider's stock valued at $252,000 after purchasing an additional 43 shares in the last quarter. J. L. Bainbridge & Co. Inc. lifted its stake in JPMorgan Chase & Co. by 1.4% during the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 3,140 shares of the financial services provider's stock valued at $770,000 after acquiring an additional 44 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. McIlrath & Eck LLC now owns 6,292 shares of the financial services provider's stock valued at $1,508,000 after acquiring an additional 45 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $289.59 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $200.61 and a 52-week high of $301.29. The firm has a market cap of $796.31 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.93 and a beta of 1.11. The business's fifty day moving average is $284.24 and its 200 day moving average is $262.86.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The company 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 firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 3rd were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.9%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 28.73%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JPM. TD Cowen initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, May 15th. They set a "buy" rating and a $305.00 price objective on the stock. Piper Sandler restated an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a research note on Friday, June 27th. Three equities 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In related 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 value of $749,567.91. Following the transaction, the general counsel owned 68,757 shares of the company's stock, valued at $18,269,422.47. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at approximately $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 valued at $4,113,796 in the last three months. 0.47% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

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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