MGO One Seven LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 80,314 shares of the financial services provider’s stock after selling 1,992 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of MGO One Seven LLC’s holdings, making the stock its 12th biggest position. MGO One Seven LLC’s holdings in JPMorgan Chase & Co. were worth $10,770,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Retirement Financial Solutions LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $26,000. HBC Financial Services PLLC increased its position in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares during the period. Creative Capital Management Investments LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $30,000. Horizons Wealth Management bought a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth $39,000. Institutional investors own 67.89% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on JPM shares. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada decreased their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Finally, Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.33.
JPMorgan Chase & Co. Trading Down 0.1 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.33 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 12.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.14%. JPMorgan Chase & Co.’s payout ratio is 33.11%.
Insider Activity
In related news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 over the last three months. 0.79% of the stock is owned by insiders.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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