Moloney Securities Asset Management LLC Sells 3,391 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Moloney Securities Asset Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,472 shares of the financial services provider’s stock after selling 3,391 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.7% of Moloney Securities Asset Management LLC’s portfolio, making the stock its 25th largest holding. Moloney Securities Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,512,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $471,000. Crown Wealth Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 5.4% in the 1st quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 222 shares during the period. Hidden Cove Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.2% in the 1st quarter. Hidden Cove Wealth Management LLC now owns 2,758 shares of the financial services provider’s stock worth $677,000 after purchasing an additional 112 shares during the period. Aaron Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.4% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,191 shares of the financial services provider’s stock worth $4,953,000 after purchasing an additional 1,218 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its holdings in JPMorgan Chase & Co. by 11.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 15,648 shares of the financial services provider’s stock worth $3,838,000 after acquiring an additional 1,561 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the transaction, the chief financial officer owned 18,017 shares of the company’s stock, valued at approximately $4,518,123.09. This represents a 68.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 2,821 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $749,567.91. Following the completion of the sale, the general counsel directly owned 68,757 shares in the company, valued at $18,269,422.47. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,200 shares of company stock valued at $18,060,015 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.8%

JPMorgan Chase & Co. stock opened at $286.39 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. JPMorgan Chase & Co. has a 52 week low of $190.90 and a 52 week high of $296.40. The company has a market capitalization of $795.90 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.10. The stock has a 50-day moving average price of $272.45 and a 200 day moving average price of $257.02.

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

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. HSBC reissued a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, July 7th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. KGI Securities started coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating for the company. Finally, Morgan Stanley set a $240.00 price target on JPMorgan Chase & Co. and gave the company an “equal weight” rating in a research note on Monday, July 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.42.

JPMorgan Chase & Co. Company 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.