Baltimore Washington Financial Advisors Inc. Sells 282 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Baltimore Washington Financial Advisors Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,636 shares of the financial services provider’s stock after selling 282 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $10,969,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P raised its position in 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 worth $30,321,000 after acquiring an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $2,455,000. LSV Asset Management lifted its stake in shares of JPMorgan Chase & Co. by 35.6% during 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 in the last quarter. Wsfs Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction dated 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 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 the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction dated 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 directly 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 available through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the completion of the transaction, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,072 shares of company stock worth $6,297,103. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JPM shares. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Odeon Capital Group cut 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 research note on Thursday, November 2nd. Finally, Oppenheimer boosted their price target 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Analysis on JPM

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $175.01 on Friday. The company’s 50-day moving average price is $168.65 and its 200-day moving average price is $155.30. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $178.30. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market cap of $503.44 billion, a PE 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 issued 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 the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.57 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.87 EPS 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. Investors 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 annualized dividend and a 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.

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.