waypoint wealth counsel Sells 1,703 Shares of JPMorgan Chase & Co. (NYSE:JPM)

waypoint wealth counsel cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,628 shares of the financial services provider's stock after selling 1,703 shares during the quarter. JPMorgan Chase & Co. comprises 0.9% of waypoint wealth counsel's holdings, making the stock its 27th biggest position. waypoint wealth counsel's holdings in JPMorgan Chase & Co. were worth $1,380,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of JPM. Geode Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after acquiring an additional 876,417 shares in the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $8,310,884,000. Northern Trust Corp grew its position in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after purchasing an additional 4,515,147 shares in the last quarter. GAMMA Investing LLC grew its position in JPMorgan Chase & Co. by 25,861.9% in the first quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock valued at $5,778,289,000 after purchasing an additional 23,465,278 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in JPMorgan Chase & Co. by 9.1% in the 4th quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after buying an additional 1,914,049 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $270.00 to $280.00 and gave the stock a "hold" rating in a research note on Monday, June 2nd. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Friday. Piper Sandler reiterated a "hold" rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 2nd. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $236.00 to $240.00 and gave the company an "equal weight" rating in a report on Monday, June 23rd. Finally, Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $273.15.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total transaction of $749,567.91. Following the sale, the general counsel now owns 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the completion of the transaction, the chief financial officer now directly owns 18,017 shares of the company's stock, valued at $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,200 shares of company stock worth $18,060,015 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 0.5%

JPMorgan Chase & Co. stock opened at $287.31 on Monday. JPMorgan Chase & Co. has a twelve month low of $190.90 and a twelve month high of $289.41. The stock has a market cap of $798.45 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.67 and a beta of 1.08. The company's 50-day moving average price is $261.55 and its two-hundred day moving average price is $252.90. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. During the same period last year, the firm posted $4.44 EPS. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

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.

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