JPMorgan Chase & Co. $JPM Stock Position Cut by Matthew 25 Management Corp

Matthew 25 Management Corp lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,000 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. JPMorgan Chase & Co. makes up 4.8% of Matthew 25 Management Corp’s holdings, making the stock its 7th biggest position. Matthew 25 Management Corp’s holdings in JPMorgan Chase & Co. were worth $15,075,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Acorns Advisers LLC raised its stake in shares of JPMorgan Chase & Co. by 6.9% during the 1st 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 during the period. State of Michigan Retirement System lifted its position in shares of JPMorgan Chase & Co. by 18.0% during the 1st quarter. State of Michigan Retirement System now owns 901,531 shares of the financial services provider’s stock valued at $221,146,000 after buying an additional 137,400 shares in the last quarter. Burford Brothers Inc. grew its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. Burford Brothers Inc. now owns 12,861 shares of the financial services provider’s stock valued at $3,155,000 after acquiring an additional 137 shares during the period. Finally, Joseph Group Capital Management grew its stake in JPMorgan Chase & Co. by 6.7% in the 1st quarter. Joseph Group Capital Management now owns 21,360 shares of the financial services provider’s stock valued at $5,240,000 after acquiring an additional 1,349 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $303.63 on Friday. The company has a market cap of $826.55 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.84 and a beta of 1.14. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.25. The company’s 50-day moving average price is $307.51 and its 200-day moving average price is $289.40. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $44.42 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 8.8% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share 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. This represents a $6.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, October 6th. JPMorgan Chase & Co.’s payout ratio is 29.72%.

Insider Buying and Selling

In other news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. 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 transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on JPM shares. KGI Securities upped their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. TD Cowen raised their price target on shares of JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $336.00 to $338.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 15th. Finally, Daiwa Capital Markets increased their target price on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $326.38.

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.