JPMorgan Chase & Co. (NYSE:JPM) is Gemsstock Ltd.’s 4th Largest Position

Gemsstock Ltd. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 39.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,900 shares of the financial services provider’s stock after selling 115,500 shares during the period. JPMorgan Chase & Co. comprises approximately 11.1% of Gemsstock Ltd.’s holdings, making the stock its 4th largest holding. Gemsstock Ltd.’s holdings in JPMorgan Chase & Co. were worth $25,364,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. JSF Financial LLC increased its holdings in JPMorgan Chase & Co. by 0.6% in the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock valued at $1,553,000 after purchasing an additional 65 shares during the last quarter. Red Wave Investments LLC increased its holdings in JPMorgan Chase & Co. by 1.4% in the second quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 65 shares during the last quarter. Riverview Capital Advisers LLC increased its holdings in JPMorgan Chase & Co. by 4.2% in the second quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 66 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 2.8% in the second quarter. Carmel Capital Partners LLC now owns 2,434 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 67 shares during the last quarter. Finally, Orca Investment Management LLC increased its holdings in JPMorgan Chase & Co. by 0.8% in the second quarter. Orca Investment Management LLC now owns 8,294 shares of the financial services provider’s stock valued at $1,206,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JPM shares. 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. Barclays upped their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, Piper Sandler increased their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Eight research 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.11.

Get Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $175.01 on Monday. The stock has a 50 day moving average price of $168.65 and a 200 day moving average price of $155.28. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $178.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization 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). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period last year, the company posted $3.57 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 of this dividend was Thursday, January 4th. This represents a $4.20 annualized dividend and a yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Marianne Lake sold 32,243 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, 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 this link. In other news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Marianne Lake sold 32,243 shares of the firm’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 completion of the sale, 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 ninety days, insiders sold 39,072 shares of company stock valued at $6,297,103. Insiders own 0.79% of the company’s stock.

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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