Pure Financial Advisors LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,652 shares of the financial services provider’s stock after selling 66 shares during the period. Pure Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,711,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the period. Fiera Capital Corp lifted its holdings in JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after buying an additional 63 shares during the period. Beck Bode LLC bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at approximately $12,648,000. Itau Unibanco Holding S.A. purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $9,025,000. Finally, Fairscale Capital LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $1,403,000. Institutional investors 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 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.
JPMorgan Chase & Co. Price Performance
JPM opened at $265.61 on Friday. The company’s 50-day simple moving average is $244.81 and its two-hundred day simple moving average is $225.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market capitalization of $747.79 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $168.86 and a 52-week high of $266.86.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter last year, the company posted $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on JPM shares. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $251.78.
Check Out Our Latest Research Report on JPMorgan Chase & Co.
About JPMorgan Chase & Co.
(Free Report)
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
Read More
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.
