Stiles Financial Services Inc trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,436 shares of the financial services provider’s stock after selling 158 shares during the period. Stiles Financial Services Inc’s holdings in JPMorgan Chase & Co. were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of JPM. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the period. Dimensional Fund Advisors LP grew its position in shares of JPMorgan Chase & Co. by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock worth $1,630,909,000 after buying an additional 102,242 shares in the last quarter. Finally, Boston Partners grew its position in shares of JPMorgan Chase & Co. by 28.4% during the 3rd quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after buying an additional 2,227,785 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently weighed in on JPM. Evercore ISI decreased their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $148.00 to $155.00 in a research note on Monday, March 13th. Barclays reduced their price objective on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday. Piper Sandler raised their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $150.88.
JPMorgan Chase & Co. Stock Up 7.6 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.44 by $0.66. The firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.63 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 12.73 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.
Insider Transactions at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mellody L. Hobson bought 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. In the last three months, insiders sold 37,887 shares of company stock valued at $5,315,762. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Profile
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.
Read More
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