Tilia Fiduciary Partners Inc. Sells 158 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Tilia Fiduciary Partners Inc. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,183 shares of the financial services provider’s stock after selling 158 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.4% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 16th largest holding. Tilia Fiduciary Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $1,344,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Homestead Advisers Corp increased its position in JPMorgan Chase & Co. by 1.0% during the second quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock worth $131,217,000 after acquiring an additional 11,000 shares during the period. Total Clarity Wealth Management Inc. increased its holdings in JPMorgan Chase & Co. by 3.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock valued at $1,287,000 after buying an additional 407 shares during the period. Handelsbanken Fonder AB increased its holdings in JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock valued at $70,038,000 after buying an additional 12,411 shares during the period. TruWealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 8.5% in the 2nd quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock valued at $12,035,000 after buying an additional 8,332 shares during the period. Finally, BerganKDV Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 6.1% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after buying an additional 2,079 shares during the period. 67.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on JPM. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a report on Monday, October 17th. Piper Sandler began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, December 8th. They issued an “overweight” rating and a $150.00 target price on the stock. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley upgraded shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and raised their price target for the company from $126.00 to $153.00 in a research note on Tuesday, December 6th. Finally, UBS Group set a $124.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.39.

JPMorgan Chase & Co. Stock Down 0.1 %

NYSE:JPM opened at $139.49 on Friday. The company has a market cap of $409.15 billion, a PE ratio of 11.78, a P/E/G ratio of 2.16 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $169.81. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s 50 day simple moving average is $133.81 and its 200 day simple moving average is $121.64.

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

JPMorgan Chase & Co. Dividend Announcement

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

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Mary E. Erdoes sold 33,515 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the transaction, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total value of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares in the company, valued at approximately $2,380,207.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary E. Erdoes sold 33,515 shares of JPMorgan Chase & Co. stock in a transaction on Monday, October 17th. The shares were sold at an average price of $115.77, for a total transaction of $3,880,031.55. Following the completion of the sale, the chief executive officer now owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,964 shares of company stock worth $4,936,426. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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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.

Further Reading

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

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