Fisher Funds Management LTD Sells 7,662 Shares of JPMorgan Chase & Co. $JPM

Fisher Funds Management LTD trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,193 shares of the financial services provider’s stock after selling 7,662 shares during the period. JPMorgan Chase & Co. accounts for 1.0% of Fisher Funds Management LTD’s holdings, making the stock its 29th largest position. Fisher Funds Management LTD’s holdings in JPMorgan Chase & Co. were worth $41,803,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JPM. Linscomb Wealth Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. Linscomb Wealth Inc. now owns 106,008 shares of the financial services provider’s stock worth $30,733,000 after buying an additional 1,039 shares during the last quarter. Creekmur Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 43.7% in the second quarter. Creekmur Asset Management LLC now owns 5,559 shares of the financial services provider’s stock worth $1,612,000 after acquiring an additional 1,690 shares during the last quarter. Hicks Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.4% in the 2nd quarter. Hicks Capital Management LLC now owns 15,347 shares of the financial services provider’s stock valued at $4,449,000 after purchasing an additional 357 shares in the last quarter. Earned Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.0% in the 2nd quarter. Earned Wealth Advisors LLC now owns 9,702 shares of the financial services provider’s stock valued at $2,813,000 after purchasing an additional 463 shares in the last quarter. Finally, IFG Advisory LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.8% during the 2nd quarter. IFG Advisory LLC now owns 29,924 shares of the financial services provider’s stock valued at $8,675,000 after purchasing an additional 229 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JPM shares. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Weiss Ratings cut JPMorgan Chase & Co. from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. Royal Bank Of Canada reissued a “buy” rating and set a $343.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 14th. Wolfe Research boosted their price target on JPMorgan Chase & Co. from $342.00 to $346.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $326.38.

JPMorgan Chase & Co. Trading Up 0.8%

NYSE:JPM opened at $316.69 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $319.56. The company has a market cap of $862.11 billion, a PE ratio of 15.69, a PEG ratio of 1.84 and a beta of 1.14. The firm has a 50-day moving average of $306.48 and a 200-day moving average of $288.11.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm had revenue of $46.43 billion during the quarter, compared to analyst estimates of $44.42 billion. During the same quarter last year, the business posted $4.37 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued a $1.50 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. JPMorgan Chase & Co.’s payout ratio is presently 29.72%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the completion of the transaction, the insider owned 58,479 shares in the company, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 disclosure for this sale is available in the SEC filing. 0.47% of the stock is currently owned by corporate insiders.

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.