Fort Washington Investment Advisors Inc. OH cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 27.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,538 shares of the financial services provider’s stock after selling 116,688 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in JPMorgan Chase & Co. were worth $44,019,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Macroview Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $40,000. FSC Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 290.9% in the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $58,000. Finally, Robbins Farley increased its holdings in JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 96 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $174.72 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $178.30. The stock has a market cap of $502.61 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.21 and a beta of 1.14. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The firm’s 50-day simple moving average is $166.64 and its 200 day simple moving average is $154.63.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the previous year, the business posted $3.57 EPS. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 15.79 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is 25.89%.
Wall Street Analyst Weigh In
JPM has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price objective on JPMorgan Chase & Co. from $176.00 to $169.00 in a report on Tuesday, October 10th. Morgan Stanley increased their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday. Piper Sandler increased their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $179.11.
Check Out Our Latest Analysis on JPMorgan Chase & Co.
Insider Activity at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,072 shares of company stock valued at $6,297,103. 0.79% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Company 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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