North Point Portfolio Managers Corp OH Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

North Point Portfolio Managers Corp OH decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,920 shares of the financial services provider’s stock after selling 100 shares during the period. North Point Portfolio Managers Corp OH’s holdings in JPMorgan Chase & Co. were worth $305,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after acquiring an additional 5,978,393 shares in the last quarter. Greenhaven Associates Inc. raised its position in shares of JPMorgan Chase & Co. by 600.7% in the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock worth $510,558,000 after buying an additional 3,886,845 shares in the last quarter. Public Investment Fund purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter worth $433,667,000. Franklin Resources Inc. raised its position in shares of JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of JPMorgan Chase & Co. by 244.8% in the second quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock worth $442,765,000 after buying an additional 2,791,457 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $137.37 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $169.81. The company has a 50-day simple moving average of $133.10 and a two-hundred day simple moving average of $121.24. The firm has a market capitalization of $402.93 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.16 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, October 14th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a net margin of 26.85% and a return on equity of 14.52%. The firm had revenue of $32.72 billion during the quarter, compared to analyst estimates of $31.88 billion. During the same period last year, the business earned $3.74 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 11.69 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is 33.78%.

Insider Activity

In related news, insider Robin Leopold sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now owns 19,031 shares of the company’s stock, valued at $2,380,207.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Douglas B. Petno sold 5,139 shares of the firm’s stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now owns 248,011 shares of the company’s stock, valued at $31,006,335.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robin Leopold sold 2,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $125.07, for a total transaction of $250,140.00. Following the completion of the sale, the insider now directly owns 19,031 shares of the company’s stock, valued at approximately $2,380,207.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,964 shares of company stock worth $4,936,426. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JPM. Morgan Stanley upgraded JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $126.00 to $153.00 in a research report on Tuesday, December 6th. Piper Sandler started coverage on JPMorgan Chase & Co. in a research note on Thursday, December 8th. They issued an “overweight” rating and a $150.00 target price on the stock. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. UBS Group set a $124.00 target price on JPMorgan Chase & Co. in a research note on Tuesday, October 18th. Finally, Oppenheimer reduced their target price on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.39.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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