Coerente Capital Management lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 8.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,177 shares of the financial services provider’s stock after selling 3,247 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Coerente Capital Management’s holdings, making the stock its 23rd largest holding. Coerente Capital Management’s holdings in JPMorgan Chase & Co. were worth $4,323,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Twin Lakes Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after purchasing an additional 71 shares in the last quarter. Karpas Strategies LLC lifted its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after acquiring an additional 71 shares in the last quarter. Oxler Private Wealth LLC lifted its position in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC lifted its position in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 73 shares in the last quarter. Finally, Gould Asset Management LLC CA lifted its position in JPMorgan Chase & Co. by 1.2% in the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares in the company, valued at approximately $26,373,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,861 shares of company stock worth $19,858,275. Corporate insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
JPMorgan Chase & Co. Trading Up 0.8 %
NYSE:JPM opened at $146.61 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $428.44 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $147.48. The business has a fifty day moving average price of $139.05 and a 200-day moving average price of $137.04.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same period in the prior year, the business posted $2.63 EPS. JPMorgan Chase & Co.’s revenue was up 24.8% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 14.53 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.73%. JPMorgan Chase & Co.’s payout ratio is presently 29.52%.
JPMorgan Chase & Co. 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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