Exencial Wealth Advisors LLC Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Exencial Wealth Advisors LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 8.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,789 shares of the financial services provider’s stock after selling 2,575 shares during the period. Exencial Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,175,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JPM. JSF Financial LLC boosted its position in shares of JPMorgan Chase & Co. by 0.6% during the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after buying an additional 65 shares during the period. Red Wave Investments LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 65 shares during the period. Riverview Capital Advisers LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 66 shares during the period. Carmel Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 67 shares during the period. Finally, Orca Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 68 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.2 %

JPM stock opened at $175.43 on Thursday. The company has a market cap of $504.65 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 2.21 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The firm has a 50-day moving average of $167.91 and a two-hundred day moving average of $155.05.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were issued 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 dividend yield of 2.39%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders sold 39,072 shares of company stock worth $6,297,103 in the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JPM. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Thursday, November 2nd. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Bank of America upped their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.11.

Read Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(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.

See Also

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

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