Mirae Asset Global Investments Co. Ltd. Reduces Holdings in JPMorgan Chase & Co. $JPM

Mirae Asset Global Investments Co. Ltd. cut its stake in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 731,922 shares of the financial services provider’s stock after selling 10,383 shares during the period. JPMorgan Chase & Co. comprises approximately 0.7% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 16th largest position. Mirae Asset Global Investments Co. Ltd.’s holdings in JPMorgan Chase & Co. were worth $230,870,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ballentine Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Ballentine Partners LLC now owns 97,694 shares of the financial services provider’s stock worth $30,816,000 after purchasing an additional 1,023 shares during the last quarter. Retirement Planning Co of New England Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 4,799 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 91 shares during the last quarter. RAM Investment Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 4.7% in the 3rd quarter. RAM Investment Partners LLC now owns 2,675 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 120 shares during the period. Rockline Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Rockline Wealth Management LLC now owns 34,296 shares of the financial services provider’s stock worth $10,818,000 after buying an additional 255 shares during the last quarter. Finally, Tobias Financial Advisors Inc. grew its stake in JPMorgan Chase & Co. by 15.6% during the 3rd quarter. Tobias Financial Advisors Inc. now owns 2,397 shares of the financial services provider’s stock worth $756,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,404 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.80, for a total value of $1,064,771.20. Following the sale, the general counsel owned 65,353 shares of the company’s stock, valued at approximately $20,442,418.40. The trade was a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeremy Barnum sold 2,893 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $312.79, for a total value of $904,901.47. Following the transaction, the chief financial officer owned 26,696 shares in the company, valued at $8,350,241.84. The trade was a 9.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,868 shares of company stock worth $4,650,596 over the last 90 days. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $322.47 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 0.85. The stock has a market capitalization of $877.85 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.51 and a beta of 1.07. The company’s fifty day moving average is $315.59 and its two-hundred day moving average is $307.04. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $337.25.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Tuesday, January 13th. The financial services provider reported $5.23 EPS for the quarter, topping the consensus estimate of $4.93 by $0.30. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The company had revenue of $46.77 billion during the quarter, compared to analysts’ expectations of $45.98 billion. During the same quarter last year, the business earned $4.81 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 31st. Investors of record on Tuesday, January 6th were given a $1.50 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.99%.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. CICC Research initiated coverage on JPMorgan Chase & Co. in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $355.00 price objective for the company. Truist Financial set a $334.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, January 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $330.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 14th. DZ Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 14th. Finally, HSBC set a $319.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “hold” rating in a research note on Thursday. Fourteen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $340.18.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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