Harbor Investment Advisory LLC Sells 1,127 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Harbor Investment Advisory LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 52,741 shares of the financial services provider’s stock after selling 1,127 shares during the period. JPMorgan Chase & Co. makes up about 0.9% of Harbor Investment Advisory LLC’s portfolio, making the stock its 16th largest position. Harbor Investment Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $5,511,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Grayhawk Investment Strategies Inc. bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth about $32,000. HBC Financial Services PLLC boosted its stake in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Financial Connections Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 48.5% during the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the financial services provider’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $39,000. Institutional investors own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $169.00 to $177.00 and gave the company an “outperform” rating in a research note on Tuesday, January 17th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $149.00 to $158.00 and gave the company a “market perform” rating in a research note on Monday, October 17th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.89.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $125.02, for a total value of $642,477.78. Following the transaction, the chief executive officer now directly 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 accessible through this hyperlink. In related news, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas B. Petno sold 5,139 shares of the business’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the sale, the chief executive officer now directly owns 248,011 shares in the company, valued at approximately $31,006,335.22. The disclosure for this sale can be found here. Insiders have sold 46,336 shares of company stock valued at $6,372,156 over the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of JPM opened at $135.08 on Friday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.03. The firm’s 50 day moving average is $134.60 and its 200-day moving average is $122.72. The stock has a market capitalization of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.23 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same period last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 12.81 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 6th will be paid a $1.00 dividend. The ex-dividend date is Thursday, January 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.

About JPMorgan Chase & Co.

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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.

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

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