JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Torray Investment Partners LLC

Torray Investment Partners LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,159 shares of the financial services provider’s stock after selling 3,109 shares during the period. JPMorgan Chase & Co. comprises approximately 2.6% of Torray Investment Partners LLC’s holdings, making the stock its 9th largest position. Torray Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $14,815,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JPM. Valicenti Advisory Services Inc. grew its position in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock valued at $11,586,000 after purchasing an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. grew its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock valued at $4,956,000 after purchasing an additional 1,439 shares in the last quarter. Checchi Capital Advisers LLC grew its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. grew its position in JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Joseph Group Capital Management lifted its stake in JPMorgan Chase & Co. by 7.6% in the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 916 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. Odeon Capital Group cut 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. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Finally, Oppenheimer upped their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $179.11.

Read Our Latest Stock Analysis on JPM

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $175.43 on Thursday. The company has a market capitalization of $504.65 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 2.21 and a beta of 1.14. The firm’s 50 day simple moving average is $167.91 and its 200 day simple moving average is $155.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $178.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its 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 business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.57 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.85 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 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 stock was 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 of the company’s stock, valued at $34,256,512.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the transaction, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,072 shares of company stock valued at $6,297,103. 0.79% of the stock is owned by corporate 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.

See Also

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

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