Robeco Institutional Asset Management B.V. Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Robeco Institutional Asset Management B.V. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 34.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 691,511 shares of the financial services provider’s stock after selling 361,077 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in JPMorgan Chase & Co. were worth $72,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after purchasing an additional 5,978,393 shares during the period. Legal & General Group Plc grew its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock worth $2,382,439,000 after purchasing an additional 847,094 shares during the period. Franklin Resources Inc. lifted its position in JPMorgan Chase & Co. by 21.1% during the 2nd quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after acquiring an additional 3,435,522 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after acquiring an additional 805,196 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in JPMorgan Chase & Co. by 1.1% during the 1st quarter. Neuberger Berman Group LLC now owns 12,760,127 shares of the financial services provider’s stock worth $1,739,813,000 after acquiring an additional 138,767 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $139.49 on Friday. The company has a market cap of $409.15 billion, a P/E ratio of 11.78, a PEG ratio of 2.16 and a beta of 1.13. The stock has a fifty day moving average price of $133.81 and a 200 day moving average price of $121.64. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $169.81.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.16. The firm had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $3.74 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.69 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be paid a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.87%. JPMorgan Chase & Co.’s payout ratio is 33.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group set a $124.00 price target on JPMorgan Chase & Co. in a research report on Tuesday, October 18th. Piper Sandler assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, December 8th. They set an “overweight” rating and a $150.00 price target on the stock. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Thursday, January 5th. Barclays boosted their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Oppenheimer cut their target price on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 28th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.39.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the transaction, the insider now owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Vice Chairman Peter Scher sold 1,310 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $163,776.20. Following the completion of the transaction, the insider now owns 34,973 shares of the company’s stock, valued at $4,372,324.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the transaction, the chief executive officer now directly owns 248,011 shares of the company’s stock, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,964 shares of company stock valued at $4,936,426. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

(Get Rating)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.