3,641 JPMorgan Chase & Co. $JPM Shares Sold by Means Investment CO. Inc.

Means Investment CO. Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 60,481 shares of the financial services provider’s stock after selling 3,641 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Means Investment CO. Inc.’s holdings, making the stock its 18th largest holding. Means Investment CO. Inc.’s holdings in JPMorgan Chase & Co. were worth $20,009,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JPM. Paragon Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $212,000. M Holdings Securities Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the third quarter. M Holdings Securities Inc. now owns 75,646 shares of the financial services provider’s stock worth $25,678,000 after buying an additional 432 shares in the last quarter. Brighton Jones LLC boosted its position in shares of JPMorgan Chase & Co. by 7.7% during the third quarter. Brighton Jones LLC now owns 75,861 shares of the financial services provider’s stock worth $25,097,000 after acquiring an additional 5,455 shares during the last quarter. American State Bank Iowa grew its stake in JPMorgan Chase & Co. by 2.1% during the third quarter. American State Bank Iowa now owns 8,109 shares of the financial services provider’s stock valued at $2,683,000 after acquiring an additional 170 shares in the last quarter. Finally, Chapman Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 200.0% in the 3rd quarter. Chapman Investment Management LLC now owns 9,521 shares of the financial services provider’s stock worth $3,150,000 after purchasing an additional 19,042 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $343.10 on Friday. The firm’s 50 day simple moving average is $340.80 and its 200-day simple moving average is $324.61. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $279.10 and a one year high of $366.50. The firm has a market cap of $911.15 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to the consensus estimate of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.07 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a $1.65 dividend. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, October 6th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.68%.

Analyst Ratings Changes

Several brokerages have recently issued reports on JPM. Truist Financial upped their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 14th. The Goldman Sachs Group reissued an “outperform” rating and set a $392.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, October 13th. Citigroup dropped their target price on JPMorgan Chase & Co. from $360.00 to $350.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.33.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the sale, the insider owned 71,047 shares of the company’s stock, valued at $25,066,092.07. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is currently owned by insiders.

Trending Headlines about JPMorgan Chase & Co.

Here are a few of the latest headlines about JPM:

• Neutral Sentiment: Hot inflation has renewed attention to Federal Reserve rate risks. Higher rates may affect bank earnings in multiple ways, while the article highlights JPMorgan’s liquidity and earnings resilience rather than identifying a new company-specific development. Article: Inflation Stays Hot: 3 Financial Stocks to Watch
• Negative Sentiment: A report notes that JPMorgan’s CFO has warned of weaker credit ahead. Potential deterioration in borrowers’ ability to repay could raise credit costs and pressure earnings, tempering the positive case for the bank’s dividend increase and long-term returns. Article: America’s Biggest Bank Turned $1,000 Into $5,559 in Ten Years
• Negative Sentiment: President Trump has urged JPMorgan and Bank of America to stop allegedly cutting conservatives off from banking services. The comments raise potential reputational and regulatory uncertainty, although the article does not report a specific enforcement action. Article: Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co. is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.