Homestead Advisers Corp trimmed its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 7.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 935,536 shares of the financial services provider’s stock after selling 74,300 shares during the period. JPMorgan Chase & Co. makes up about 3.4% of Homestead Advisers Corp’s portfolio, making the stock its 5th largest holding. Homestead Advisers Corp’s holdings in JPMorgan Chase & Co. were worth $121,910,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in JPM. Benjamin Edwards Inc. lifted its position in shares of JPMorgan Chase & Co. by 14.0% during the 1st quarter. Benjamin Edwards Inc. now owns 20,559 shares of the financial services provider’s stock valued at $2,679,000 after acquiring an additional 2,518 shares during the last quarter. Matisse Capital acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at $597,000. Smith Chas P & Associates PA Cpas lifted its position in shares of JPMorgan Chase & Co. by 0.6% during the 1st quarter. Smith Chas P & Associates PA Cpas now owns 384,207 shares of the financial services provider’s stock valued at $50,066,000 after acquiring an additional 2,326 shares during the last quarter. Simplicity Solutions LLC lifted its position in shares of JPMorgan Chase & Co. by 166.1% during the 1st quarter. Simplicity Solutions LLC now owns 99,004 shares of the financial services provider’s stock valued at $12,901,000 after acquiring an additional 61,797 shares during the last quarter. Finally, Leisure Capital Management lifted its position in shares of JPMorgan Chase & Co. by 0.8% during the 1st quarter. Leisure Capital Management now owns 22,495 shares of the financial services provider’s stock valued at $2,931,000 after acquiring an additional 188 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $156.20 on Friday. The stock has a market capitalization of $456.46 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 2.12 and a beta of 1.10. The business has a 50-day moving average of $141.96 and a 200-day moving average of $138.41. 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 fifty-two week low of $101.28 and a fifty-two week high of $156.59.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.74%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the sale, the insider now directly owns 45,056 shares in the company, valued at $6,083,461.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the transaction, the insider now owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The disclosure for this sale can be found here. Insiders sold 145,861 shares of company stock worth $19,858,275 over the last three months. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on JPM shares. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday. Piper Sandler raised their target price on JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday. 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Citigroup cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research report on Wednesday, July 12th. Finally, Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $164.65.
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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