Salzhauer Michael Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Salzhauer Michael lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,298 shares of the financial services provider’s stock after selling 362 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Salzhauer Michael’s portfolio, making the stock its 17th biggest holding. Salzhauer Michael’s holdings in JPMorgan Chase & Co. were worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Valicenti Advisory Services Inc. lifted its position in JPMorgan Chase & Co. by 2.9% in 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 buying an additional 2,220 shares during the last quarter. Hilltop Holdings Inc. lifted its position in shares of 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 worth $4,956,000 after purchasing an additional 1,439 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of 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 worth $5,737,000 after purchasing an additional 1,652 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of 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 worth $7,416,000 after purchasing an additional 6,264 shares in the last quarter. Finally, Joseph Group Capital Management increased its stake in shares of JPMorgan Chase & Co. by 7.6% during the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock worth $1,885,000 after buying an additional 916 shares during the period. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Bank of America increased their price target 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. BMO Capital Markets increased 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 research note on Tuesday, January 16th. Piper Sandler increased their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Stock Analysis on JPM

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 value of $561,546.64. Following the completion of the transaction, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Vice Chairman Peter Scher sold 1,812 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the sale, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,072 shares of company stock valued at $6,297,103. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $175.01 on Friday. 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 stock has a fifty day moving average price of $168.65 and a 200 day moving average price of $155.30. JPMorgan Chase & Co. has a 1-year low of $123.11 and a 1-year high of $178.30. The company has a market cap of $503.44 billion, a PE ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period last year, the business posted $3.57 EPS. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.87 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

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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