Claris Financial LLC Sells 1,888 Shares of JPMorgan Chase & Co. $JPM

Claris Financial LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,269 shares of the financial services provider’s stock after selling 1,888 shares during the quarter. JPMorgan Chase & Co. makes up 1.6% of Claris Financial LLC’s portfolio, making the stock its 15th biggest holding. Claris Financial LLC’s holdings in JPMorgan Chase & Co. were worth $2,107,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of 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 valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Acorns Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after buying an additional 100 shares in the last quarter. Waddell & Associates LLC lifted its position in shares of JPMorgan Chase & Co. by 5.5% in the first quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock worth $2,913,000 after buying an additional 617 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co boosted its stake in JPMorgan Chase & Co. by 66.9% during the first quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co now owns 17,714 shares of the financial services provider’s stock valued at $4,345,000 after buying an additional 7,100 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in JPMorgan Chase & Co. by 6.9% during the 1st quarter. Klingman & Associates LLC now owns 19,347 shares of the financial services provider’s stock valued at $4,746,000 after buying an additional 1,248 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.4%

JPM stock opened at $318.74 on Monday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.25. The stock has a market capitalization of $867.69 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $306.77 and its two-hundred day simple moving average is $296.86.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $4.37 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Tuesday, January 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%. The ex-dividend date is Tuesday, January 6th. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Analysts Set New Price Targets

Several analysts have recently issued reports on JPM shares. KGI Securities upped their price objective on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $275.00 to $325.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 24th. The Goldman Sachs Group decreased their price target on shares of JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Finally, DZ Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, October 15th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $326.81.

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.