Mackenzie Financial Corp Has $634.50 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Mackenzie Financial Corp reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,646,963 shares of the financial services provider's stock after selling 182,180 shares during the period. JPMorgan Chase & Co. makes up about 0.8% of Mackenzie Financial Corp's holdings, making the stock its 28th biggest holding. Mackenzie Financial Corp owned approximately 0.09% of JPMorgan Chase & Co. worth $634,504,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $29,000. Sellwood Investment Partners LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $37,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JPM shares. Truist Financial set a $270.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, May 23rd. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Piper Sandler reissued an "overweight" rating and issued a $295.00 target price (up previously from $260.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 20th. Finally, Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.65.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $1.03 on Wednesday, reaching $264.26. The company's stock had a trading volume of 2,296,675 shares, compared to its average volume of 9,548,656. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market cap of $734.40 billion, a PE ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.07. The firm's 50 day moving average is $244.84 and its two-hundred day moving average is $248.69.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.44 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,594 shares of company stock valued at $23,991,061 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

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.