JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Lbp Am Sa

Lbp Am Sa trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,303 shares of the financial services provider’s stock after selling 3,494 shares during the period. Lbp Am Sa’s holdings in JPMorgan Chase & Co. were worth $29,756,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hurlow Wealth Management Group Inc. lifted its position in JPMorgan Chase & Co. by 0.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 40 shares during the period. Wimmer Associates 1 LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock valued at $986,000 after buying an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock valued at $3,340,000 after buying an additional 40 shares during the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider’s stock valued at $441,000 after buying an additional 41 shares during the last quarter. Finally, WorthPointe LLC increased its position in JPMorgan Chase & Co. by 2.9% in the fourth quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 43 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.8%

NYSE JPM opened at $286.39 on Wednesday. The business has a 50 day simple moving average of $272.45 and a 200 day simple moving average of $257.02. JPMorgan Chase & Co. has a one year low of $190.90 and a one year high of $296.40. The stock has a market capitalization of $795.90 billion, a P/E ratio of 14.06, a P/E/G ratio of 2.64 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The firm had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter last year, the firm posted $6.12 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 1.96%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.49%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the business’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel directly owned 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jennifer Piepszak sold 6,129 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.76, for a total value of $1,536,908.04. Following the sale, the chief operating officer owned 68,583 shares in the company, valued at approximately $17,197,873.08. The trade was a 8.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,200 shares of company stock worth $18,060,015 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. TD Cowen began coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 target price for the company. Bank of America lifted their price objective on JPMorgan Chase & Co. from $300.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, June 18th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Morgan Stanley set a $240.00 price objective on JPMorgan Chase & Co. and gave the company an “equal weight” rating in a report on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $284.42.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.