JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by TCW Group Inc.

TCW Group Inc. cut its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 469,547 shares of the financial services provider’s stock after selling 42,729 shares during the period. TCW Group Inc.’s holdings in JPMorgan Chase & Co. were worth $49,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Homestead Advisers Corp grew its position in shares of JPMorgan Chase & Co. by 1.0% in the 2nd quarter. Homestead Advisers Corp now owns 1,165,236 shares of the financial services provider’s stock valued at $131,217,000 after buying an additional 11,000 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in JPMorgan Chase & Co. by 3.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 11,430 shares of the financial services provider’s stock worth $1,287,000 after purchasing an additional 407 shares during the last quarter. Handelsbanken Fonder AB grew its position in JPMorgan Chase & Co. by 2.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 621,950 shares of the financial services provider’s stock worth $70,038,000 after purchasing an additional 12,411 shares during the last quarter. Ballentine Partners LLC grew its position in JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after purchasing an additional 5,719 shares during the last quarter. Finally, TruWealth Advisors LLC grew its position in JPMorgan Chase & Co. by 8.5% during the 2nd quarter. TruWealth Advisors LLC now owns 106,871 shares of the financial services provider’s stock worth $12,035,000 after purchasing an additional 8,332 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JPM shares. Morgan Stanley raised shares of JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $126.00 to $153.00 in a research report on Tuesday, December 6th. Oppenheimer lowered their price objective on shares of 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. The Goldman Sachs Group reduced their target price on shares of JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.17.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $143.01 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.13. The stock has a market cap of $419.48 billion, a P/E ratio of 12.08, a PEG ratio of 2.18 and a beta of 1.13. The company has a 50-day moving average of $134.06 and a two-hundred day moving average of $121.87. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $161.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.43. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 11.69 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.80%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the completion of the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at $31,006,335.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock worth $4,936,426 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

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.

See Also

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

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