Signature Estate & Investment Advisors LLC reduced its equity holdings by JPMorgan Chase & Co. (NYSE:JPM) by 97.0% in the first quarter, according to its most recently filed Form 13F with the Securities and Exchange Commission. The institutional investor held 7,503 shares of the financial services provider after selling 245,062 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,023,000 when it last filed with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Lowe Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 230.0% in Q4. Lowe Wealth Advisors LLC now owns 165 shares of the financial services provider valued at $26,000 after purchasing an additional 115 shares during the period. Joseph Group Capital Management acquired a new stock position in JPMorgan Chase & Co. in Q4 worth $1,353,000. Carolina Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 176.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider valued at $37,000 after purchasing an additional 150 shares during the period. Evolution Advisers Inc. purchased a new equity stake in JPMorgan Chase & Co. in Q4 for $52,000. Finally, Leverty Financial Group LLC bought a new position in JPMorgan Chase & Co. during Q4 worth approximately $54,000. 70.35% of the shares are held by hedge funds and other institutional investors.
Shares of NYSE:JPM opened at $114.05 on Monday. JPMorgan Chase & Co. has a 12-month low of $110.93 and a 12-month high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt ratio of 1.16. The company has a 50-day moving average price of $121.46 and a 200-day moving average price of $137.31. The company has a market capitalization of $334.97 billion, a price-earnings ratio of 8.46, a PEG ratio of 2.03 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM – Get an assessment) last released its quarterly results on Wednesday, April 13. The financial services provider reported EPS of $2.63 for the quarter, missing analyst consensus estimates of $2.73 per ($0.10). JPMorgan Chase & Co. achieved a return on equity of 16.58% and a net margin of 33.61%. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $30.53 billion. During the same period last year, the company posted EPS of $4.50. The company’s revenue for the quarter decreased 4.8% compared to the same quarter last year. Analysts expect JPMorgan Chase & Co. to post EPS of 11.25 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31. Investors of record on Wednesday, July 6 will receive a dividend of $1.00 per share. This represents an annualized dividend of $4.00 and a dividend yield of 3.51%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.
In related news, CEO Jennifer Piepszak sold 4,668 shares of the company in a trade on Thursday, April 14. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following completion of the transaction, the CEO now directly owns 11,135 shares of the company, valued at $1,405,125.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, insider Ashley Bacon sold 21,012 shares of the company in a trade on Tuesday, April 19. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares of the company, valued at $23,223,583.52. Disclosure of this sale can be found here. Company insiders own 0.79% of the company’s shares.
JPM has been the subject of several research reports. BMO Capital Markets raised its price target on JPMorgan Chase & Co. shares from $150.00 to $156.00 in a Tuesday, May 24 research report. Royal Bank of Canada has set a price target of $175.00 on JPMorgan Chase & Co. shares and gave the company an “outperform” rating in a Thursday, April 14 research note. Jefferies Financial Group raised its price target on JPMorgan Chase & Co. shares from $125.00 to $137.00 in a Tuesday, May 24 research report. Piper Sandler lowered its target price on JPMorgan Chase & Co. shares from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Credit Suisse Group set a target price of $160.00 on JPMorgan Chase & Co. shares in a Wednesday, May 25 research note. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.33.
JPMorgan Chase & Co. Company Profile (Get an assessment)
JPMorgan Chase & Co operates as a worldwide financial services company. 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 s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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