JPMorgan Chase & Co. (NYSE:JPM) Stock Position Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% during the third quarter, HoldingsChannel reports. The firm owned 425,092 shares of the financial services provider’s stock after selling 14,349 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.8% of Mutual of America Capital Management LLC’s holdings, making the stock its 15th biggest position. Mutual of America Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $61,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC increased its position 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 buying an additional 97,907,897 shares during the period. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $3,894,646,000. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares during the last quarter. Barclays PLC boosted its holdings in JPMorgan Chase & Co. by 51.6% in the 2nd quarter. Barclays PLC now owns 8,422,975 shares of the financial services provider’s stock valued at $1,225,037,000 after purchasing an additional 2,868,091 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after purchasing an additional 2,628,701 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $175.01 on Monday. The stock has a 50-day simple moving average of $168.65 and a 200 day simple moving average of $155.28. The stock has a market capitalization of $503.44 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14. 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 12-month low of $123.11 and a 12-month high of $178.30.

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). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. JPMorgan Chase & Co.’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, research analysts anticipate that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

Insider Activity

In related news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief executive officer now directly owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the 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 completion of the sale, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares in the company, valued at $21,113,920. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 over the last 90 days. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JPM. Odeon Capital Group lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. BMO Capital Markets upped their target price on 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. Finally, Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.11.

Get Our Latest Stock Report on JPM

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.

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

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