Middleton & Co. Inc. MA Sells 21,947 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Middleton & Co. Inc. MA decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 104,573 shares of the financial services provider’s stock after selling 21,947 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.7% of Middleton & Co. Inc. MA’s portfolio, making the stock its 17th biggest position. Middleton & Co. Inc. MA’s holdings in JPMorgan Chase & Co. were worth $10,928,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in JPM. Price T Rowe Associates Inc. MD lifted its stake in JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after acquiring an additional 5,978,393 shares during the last quarter. Greenhaven Associates Inc. lifted its stake in 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 valued at $510,558,000 after acquiring an additional 3,886,845 shares during the last quarter. Public Investment Fund acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at $433,667,000. Franklin Resources Inc. lifted its stake in shares of JPMorgan Chase & Co. by 21.1% during the 2nd 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of JPMorgan Chase & Co. by 244.8% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.89.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, for a total transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Insiders sold 46,336 shares of company stock worth $6,372,156 in the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 0.2 %

NYSE JPM opened at $135.08 on Monday. 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. has a 12 month low of $101.28 and a 12 month high of $159.03. The stock’s 50 day moving average is $134.60 and its 200 day moving average is $122.80. The stock has a market cap of $396.22 billion, a PE ratio of 11.18, a P/E/G ratio of 2.10 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 EPS. Research analysts predict that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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