Siemens Fonds Invest GmbH cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 92.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,808 shares of the financial services provider's stock after selling 69,166 shares during the quarter. Siemens Fonds Invest GmbH's holdings in JPMorgan Chase & Co. were worth $1,392,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after acquiring an additional 319,730 shares in the last quarter. Capital & Planning LLC increased its stake in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock worth $565,000 after purchasing an additional 276 shares during the last quarter. Financial Partners Group Inc raised its holdings in shares of JPMorgan Chase & Co. by 4.8% during the 4th quarter. Financial Partners Group Inc now owns 5,235 shares of the financial services provider's stock valued at $1,255,000 after purchasing an additional 239 shares in the last quarter. FCG Investment Co lifted its stake in shares of JPMorgan Chase & Co. by 5.6% in the 4th quarter. FCG Investment Co now owns 19,228 shares of the financial services provider's stock valued at $4,609,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 36.7% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 22,895 shares of the financial services provider's stock valued at $5,488,000 after purchasing an additional 6,147 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at JPMorgan Chase & Co.
In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was 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 directly owns 49,127 shares of the company's stock, valued at approximately $12,130,438.84. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. The trade was a 15.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. Corporate insiders own 0.47% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on JPM shares. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Royal Bank of Canada reissued an "outperform" rating and issued a $285.00 price target (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Truist Financial set a $270.00 price objective on JPMorgan Chase & Co. in a research note on Friday, May 23rd. Finally, Bank of America decreased their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $266.65.
Check Out Our Latest Analysis on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
JPMorgan Chase & Co. stock traded down $0.40 during trading hours on Friday, hitting $263.97. The stock had a trading volume of 10,976,619 shares, compared to its average volume of 9,584,167. The company has a 50-day moving average of $245.86 and a two-hundred day moving average of $249.13. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $733.60 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.44 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. 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 payout ratio is presently 27.49%.
JPMorgan Chase & Co. Company Profile
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Free Report)
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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