Hillcrest Wealth Advisors NY LLC Sells 395 Shares of JPMorgan Chase & Co. $JPM

Hillcrest Wealth Advisors NY LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,995 shares of the financial services provider’s stock after selling 395 shares during the period. JPMorgan Chase & Co. accounts for about 0.4% of Hillcrest Wealth Advisors NY LLC’s holdings, making the stock its 26th biggest position. Hillcrest Wealth Advisors NY LLC’s holdings in JPMorgan Chase & Co. were worth $868,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its holdings in JPMorgan Chase & Co. by 609,867.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 72,897,211 shares of the financial services provider’s stock valued at $21,133,630,000 after purchasing an additional 72,885,260 shares during the last quarter. Nuveen LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $3,972,807,000. National Bank of Canada FI lifted its holdings in JPMorgan Chase & Co. by 44.4% during the first quarter. National Bank of Canada FI now owns 4,518,740 shares of the financial services provider’s stock valued at $1,108,415,000 after purchasing an additional 1,388,992 shares during the last quarter. Strs Ohio purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $279,389,000. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $278,493,000. 71.55% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $308.08 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $847.15 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.13. The business has a 50 day moving average price of $301.89 and a 200-day moving average price of $277.44. 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 earnings results 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 net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 6th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is 30.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JPM shares. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. TD Cowen upped their price target on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Citigroup upped their price target on JPMorgan Chase & Co. from $275.00 to $325.00 and gave the company a “neutral” rating in a research report on Wednesday, September 24th. Finally, The Goldman Sachs Group upped their price target on JPMorgan Chase & Co. from $336.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Fifteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $316.00.

About JPMorgan Chase & Co.

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.