Schnieders Capital Management LLC Has $12.26 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Schnieders Capital Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,556 shares of the financial services provider’s stock after selling 1,877 shares during the quarter. JPMorgan Chase & Co. makes up 2.7% of Schnieders Capital Management LLC’s holdings, making the stock its 8th largest holding. Schnieders Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $12,262,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JPM. Moneta Group Investment Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $3,894,646,000. Morgan Stanley increased its holdings in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Barclays PLC increased its holdings in shares of JPMorgan Chase & Co. by 51.6% in the 2nd quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock worth $1,225,037,000 after buying an additional 2,868,091 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after buying an additional 2,628,701 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.2 %

NYSE:JPM opened at $175.43 on Thursday. The firm has a market capitalization of $504.65 billion, a P/E ratio of 10.82, a PEG 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’s fifty day moving average price is $167.91 and its 200-day moving average price 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. (NYSE:JPMGet Free Report) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate 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 net margin of 20.70% and a return on equity of 17.80%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 15.85 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Thursday, November 2nd. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Eight investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Research Report on JPM

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,812 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares in the company, valued at $7,793,553.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,072 shares of company stock worth $6,297,103. 0.79% of the stock is owned by company insiders.

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.

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

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