Oregon Public Employees Retirement Fund Sells 5,795 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Oregon Public Employees Retirement Fund lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,143 shares of the financial services provider’s stock after selling 5,795 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $23,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. HBC Financial Services PLLC boosted its holdings in 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 worth $27,000 after acquiring an additional 90 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in JPMorgan Chase & Co. during the 2nd quarter worth $32,000. Financial Connections Group Inc. boosted its holdings in 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 worth $34,000 after acquiring an additional 100 shares during the last quarter. Horizons Wealth Management purchased a new position in JPMorgan Chase & Co. during the 2nd quarter worth $39,000. Finally, New Millennium Group LLC purchased a new position in JPMorgan Chase & Co. during the 2nd quarter worth $39,000. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPM opened at $135.08 on Monday. The business’s 50-day moving average price is $134.60 and its 200-day moving average price is $122.80. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.03. The stock has a market cap of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the prior year, the business posted $3.33 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JPM shares. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $153.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Finally, Barclays boosted their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $147.89.

Insider Activity

In other news, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following 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 document filed with the SEC, which is available at this link. In related news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas B. Petno sold 5,139 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the transaction, the chief executive officer now owns 248,011 shares in the company, valued at $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold a total of 46,336 shares of company stock worth $6,372,156 over the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

(Get Rating)

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.

See Also

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

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