JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lessened by Thompson Investment Management Inc.

Thompson Investment Management Inc. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 75,705 shares of the financial services provider’s stock after selling 3,924 shares during the period. JPMorgan Chase & Co. accounts for about 2.1% of Thompson Investment Management Inc.’s holdings, making the stock its 6th biggest holding. Thompson Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $12,877,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares in the last quarter. BCK Partners Inc. purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at $2,455,000. LSV Asset Management lifted its holdings in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Barclays boosted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.63.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Up 0.5 %

JPM opened at $195.83 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The firm has a market cap of $564.06 billion, a P/E ratio of 12.07, a PEG ratio of 2.48 and a beta of 1.14. JPMorgan Chase & Co. has a 52 week low of $126.22 and a 52 week high of $200.48. The business’s fifty day simple moving average is $181.02 and its 200 day simple moving average is $163.00.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period in the previous year, the business posted $3.57 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.35%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 845,383 shares of company stock valued at $154,341,636. Insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(Free Report)

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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