Ascent Group LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,869 shares of the financial services provider’s stock after selling 5,423 shares during the quarter. JPMorgan Chase & Co. accounts for 0.7% of Ascent Group LLC’s investment portfolio, making the stock its 25th biggest holding. Ascent Group LLC’s holdings in JPMorgan Chase & Co. were worth $6,474,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P increased its stake in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in JPMorgan Chase & Co. during the first quarter worth $2,455,000. LSV Asset Management increased its position in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC increased its position in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its position in JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on JPM shares. Barclays increased their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Thursday, November 2nd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.11.
Get Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM traded down $0.19 on Tuesday, hitting $183.17. The stock had a trading volume of 3,878,926 shares, compared to its average volume of 9,451,451. The stock has a market cap of $527.60 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 2.32 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The business’s 50-day simple moving average is $172.89 and its two-hundred day simple moving average is $157.10. JPMorgan Chase & Co. has a 52-week low of $123.11 and a 52-week high of $185.20.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm 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 firm earned $3.57 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is 25.89%.
Insider Buying and Selling
In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the sale, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at approximately $21,113,920. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold a total of 877,626 shares of company stock valued at $159,500,516 over the last ninety days. Company insiders own 0.79% of the company’s stock.
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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