JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,360 shares of the financial services provider’s stock after selling 359 shares during the quarter. CapWealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $665,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. HBC Financial Services PLLC boosted its stake in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $32,000. Financial Connections Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock valued at $34,000 after buying an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $39,000. Finally, New Millennium Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.08 on Monday. The firm has a market capitalization of $396.22 billion, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.13. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.03. The stock’s fifty day moving average is $134.60 and its 200-day moving average is $122.80.

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, beating analysts’ consensus estimates of $3.11 by $0.46. The company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the company earned $3.33 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 46,336 shares of company stock valued at $6,372,156 over the last three months. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $149.00 to $158.00 and gave the stock a “market perform” rating in a research note on Monday, October 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.89.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

Further Reading

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

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