Tributary Capital Management LLC Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Tributary Capital Management LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,242 shares of the financial services provider’s stock after selling 100 shares during the period. Tributary Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $683,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares during the period. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Geode Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock worth $6,859,512,000 after purchasing an additional 1,082,325 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after purchasing an additional 12,654,947 shares during the period. Finally, Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $3,894,646,000. 70.10% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the transaction, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the sale, the chief executive officer now directly owns 277,161 shares in the company, valued at $39,401,207.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JPM. Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Wednesday, July 12th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Friday, July 7th. The Goldman Sachs Group increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.44.

JPMorgan Chase & Co. Trading Up 2.4 %

Shares of JPM opened at $153.35 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $153.75. The company has a 50 day simple moving average of $140.86 and a two-hundred day simple moving average of $138.04. The firm has a market cap of $448.13 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. During the same period last year, the firm posted $2.76 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, equities analysts expect that JPMorgan Chase & Co. will post 14.39 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.

JPMorgan Chase & Co. Profile

(Free Report)

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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