Charles Schwab Investment Management Inc. Has $2.87 Billion Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Charles Schwab Investment Management Inc. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 20,015,973 shares of the financial services provider’s stock after selling 92,022 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Charles Schwab Investment Management Inc.’s portfolio, making the stock its 24th largest holding. Charles Schwab Investment Management Inc. owned approximately 0.69% of JPMorgan Chase & Co. worth $2,868,413,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in JPMorgan Chase & Co. by 1.9% in the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in 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 purchasing an additional 97,907,897 shares in the last quarter. Morgan Stanley raised its stake in 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 purchasing an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC raised its stake in JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock worth $7,740,212,000 after purchasing an additional 1,057,041 shares in the last quarter. Finally, Norges Bank acquired a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $3,894,646,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Marianne Lake sold 32,243 shares of the business’s 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 owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,812 shares of the company’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 transaction, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was 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 owns 131,962 shares in the company, valued at approximately $21,113,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,072 shares of company stock worth $6,297,103. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

JPM opened at $174.96 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $178.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a market capitalization of $503.30 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 2.21 and a beta of 1.14. The company’s 50 day moving average price is $168.65 and its two-hundred day moving average price is $155.31.

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 for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JPM. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, November 2nd. Piper Sandler raised their target price 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, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

View Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Company 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)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.