JPMorgan Chase & Co. (NYSE:JPM) Stake Reduced by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,103 shares of the financial services provider’s stock after selling 2,117 shares during the quarter. JPMorgan Chase & Co. comprises about 5.1% of JTC Employer Solutions Trustee Ltd’s portfolio, making the stock its 4th biggest position. JTC Employer Solutions Trustee Ltd’s holdings in JPMorgan Chase & Co. were worth $56,899,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in JPMorgan Chase & Co. by 81.1% during the 1st 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 acquiring an additional 99,636 shares in the last quarter. BCK Partners Inc. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $2,455,000. LSV Asset Management boosted its position in 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 acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC boosted its position in 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 acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in 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 acquiring an additional 3,527 shares in the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Barclays increased their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight equities 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, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $181.63.

Check Out Our Latest Stock Report on JPM

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at approximately $5,741,857.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders sold a total of 845,383 shares of company stock worth $154,341,636 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $196.62 on Monday. The stock has a 50-day simple moving average of $180.50 and a two-hundred day simple moving average of $162.64. The firm has a market capitalization of $566.34 billion, a P/E ratio of 12.12, a PEG ratio of 2.48 and a beta of 1.14. JPMorgan Chase & Co. has a fifty-two week low of $123.11 and a fifty-two week high of $200.48. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 earnings per share 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 analysts’ expectations 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 quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.57 EPS. On average, equities analysts forecast that JPMorgan Chase & Co. will post 15.84 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

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

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