Gabelli Funds LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Gabelli Funds LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 442,072 shares of the financial services provider’s stock after selling 800 shares during the period. Gabelli Funds LLC’s holdings in JPMorgan Chase & Co. were worth $64,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $2,455,000. LSV Asset Management boosted its position in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, January 9th. Morgan Stanley lifted their price target 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. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, November 2nd. Finally, Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $179.11.

Get Our Latest Stock Report on JPMorgan Chase & Co.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Marianne Lake sold 32,243 shares of the stock in a transaction dated 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 directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The disclosure for this sale can be found here. Over the last quarter, insiders 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. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $178.30. The business’s 50 day moving average is $168.65 and its two-hundred day moving average is $155.31. The firm has a market cap of $503.30 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced 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). 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 analysts’ expectations of $39.73 billion. During the same quarter last year, the business posted $3.57 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were issued 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 payout ratio is 25.89%.

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.

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

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