Barr E S & Co. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 259,163 shares of the financial services provider’s stock after selling 1,419 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.8% of Barr E S & Co.’s investment portfolio, making the stock its 12th biggest position. Barr E S & Co.’s holdings in JPMorgan Chase & Co. were worth $37,693,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P lifted its stake in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $2,455,000. LSV Asset Management lifted its stake in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on JPM shares. Oppenheimer increased their price target on JPMorgan Chase & Co. from $233.00 to $243.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. HSBC assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, September 7th. They issued a “hold” rating and a $159.00 price objective for the company. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 5th. They issued a “hold” rating for the company. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.80.
Insider Buying and Selling
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now directly owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Stock Up 0.3 %
JPM opened at $153.29 on Tuesday. The stock’s fifty day simple moving average is $145.23 and its 200 day simple moving average is $145.34. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $159.38. The stock has a market cap of $443.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company had revenue of $40.69 billion during the quarter, compared to analysts’ expectations of $39.63 billion. During the same quarter last year, the company posted $3.12 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.
JPMorgan Chase & Co. Profile
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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