Amalgamated Bank Has $106.56 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Amalgamated Bank cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 734,802 shares of the financial services provider’s stock after selling 14,107 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Amalgamated Bank’s investment portfolio, making the stock its 13th largest holding. Amalgamated Bank’s holdings in JPMorgan Chase & Co. were worth $106,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $58,000. Finally, Robbins Farley increased its position in shares of JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Barclays lifted their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer lifted their target price on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Finally, Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Thursday, November 2nd. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $179.11.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPM stock opened at $175.43 on Thursday. The stock has a market cap of $504.65 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $178.30. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $167.91 and a 200 day simple moving average of $155.05.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.57 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 15.85 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were paid a dividend of $1.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.39%. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold a total of 39,072 shares of company stock valued at $6,297,103 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

(Free Report)

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.

Further Reading

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

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