James Hambro & Partners LLP Has $211.38 Million Holdings in JPMorgan Chase & Co. $JPM

James Hambro & Partners LLP trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 729,479 shares of the financial services provider’s stock after selling 3,973 shares during the quarter. JPMorgan Chase & Co. makes up approximately 8.4% of James Hambro & Partners LLP’s holdings, making the stock its largest position. James Hambro & Partners LLP’s holdings in JPMorgan Chase & Co. were worth $211,377,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JPM. Brighton Jones LLC grew its stake in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the last quarter. Clare Market Investments LLC grew its stake in JPMorgan Chase & Co. by 55.2% during the 1st quarter. Clare Market Investments LLC now owns 11,193 shares of the financial services provider’s stock worth $2,746,000 after buying an additional 3,980 shares during the last quarter. Warren Street Wealth Advisors LLC grew its stake in JPMorgan Chase & Co. by 2.2% during the 1st quarter. Warren Street Wealth Advisors LLC now owns 3,941 shares of the financial services provider’s stock worth $967,000 after buying an additional 84 shares during the last quarter. McGrath & Associates Inc. grew its stake in JPMorgan Chase & Co. by 8.9% during the 1st quarter. McGrath & Associates Inc. now owns 996 shares of the financial services provider’s stock worth $244,000 after buying an additional 81 shares during the last quarter. Finally, Channel Wealth LLC grew its stake in JPMorgan Chase & Co. by 4.8% during the 1st quarter. Channel Wealth LLC now owns 11,094 shares of the financial services provider’s stock worth $2,721,000 after buying an additional 507 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Hsbc Global Res downgraded JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Zacks Research lowered JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target for the company. in a research report on Friday, June 27th. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Finally, Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $303.45.

JPMorgan Chase & Co. Trading Down 1.0%

Shares of JPMorgan Chase & Co. stock opened at $307.65 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $845.96 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The business has a fifty day simple moving average of $300.44 and a 200-day simple moving average of $273.96. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $318.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.12 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 6th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date is Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is currently 28.73%.

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.