JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by SPC Financial Inc.

Key Points

• SPC Financial Inc. reduced its stake in JPMorgan Chase & Co. by 3.4% in Q1, leaving them with 35,693 shares valued at approximately $8.76 million.
• Insiders, including COO Jennifer Piepszak and General Counsel Stacey Friedman, have sold a total of 15,557 shares amounting to about $4.11 million in the last quarter.
• Analysts' ratings for JPMorgan Chase & Co. vary, with an average rating of "Moderate Buy" and an average price target of $288.68.

SPC Financial Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 35,693 shares of the financial services provider's stock after selling 1,250 shares during the period. SPC Financial Inc.'s holdings in JPMorgan Chase & Co. were worth $8,756,000 at the end of the most recent quarter.

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

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the firm's 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 directly owned 62,455 shares in the company, valued at approximately $16,392,563.85. This trade represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 6,608 shares of the business's 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 of the company's stock, valued at approximately $9,703,729.20. The trade was a 15.32% 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. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. Wall Street Zen upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Friday, June 27th. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $288.68.

JPMorgan Chase & Co. Trading Down 1.5%

JPM opened at $287.03 on Friday. The business has a fifty day moving average price of $283.24 and a 200 day moving average price of $262.53. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $200.61 and a 12 month high of $301.29. The stock has a market capitalization of $797.67 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.94 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%. The business had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter last year, the business posted $6.12 EPS. The business's quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, July 3rd. JPMorgan Chase & Co.'s payout ratio is 28.73%.

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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