Stephens Inc. AR lowered its stake in JPMorgan Chase & Co. (NYSE: JPM) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 293,901 shares of the financial services provider’s stock after selling 5,947 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of Stephens Inc. AR’s portfolio, making the stock its 21st largest position. Stephens Inc. AR’s holdings in JPMorgan Chase & Co. were worth $ 46,539,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of JPM. GQG Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $ 806,728,000 after buying an additional 4,083,231 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of JPMorgan Chase & Co. by 1,543.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $ 529,124,000 after buying an additional 3,138,200 shares in the last quarter. State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $ 22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. National Bank of Canada FI acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $ 298,028,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $ 277,382,000. Institutional investors and hedge funds own 70.35% of the company stock.
In related news, CEO Jennifer Piepszak sold 4,668 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $ 126.19, for a total value of $ 589,054.92. Following the sale, the chief executive officer now directly owns 11,135 shares in the company, valued at approximately $ 1,405,125.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 21,012 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $ 130.04, for a total value of $ 2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at $ 23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.
A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $ 161.00 to $ 152.00 and set an “underweight” rating for the company in a research note on Thursday, May 19th. Royal Bank of Canada set a $ 175.00 price objective on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Thursday, April 14th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating for the company. Oppenheimer upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $ 167.00 price objective for the company in a research note on Tuesday, May 3rd. Finally, UBS Group set a $ 197.00 price objective on JPMorgan Chase & Co. in a research note on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $ 161.83.
Shares of NYSE JPM opened at $ 113.03 on Friday. The company has a market cap of $ 331.97 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.02 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $ 111.87 and a 12-month high of $ 172.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. The stock’s 50 day simple moving average is $ 124.32 and its 200 day simple moving average is $ 140.73.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last announced its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $ 2.63 earnings per share (EPS) for the quarter, missing the estimate consensus of $ 2.73 by ($ 0.10). The company had revenue of $ 30.72 billion during the quarter, compared to the estimate consensus of $ 30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The company revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the business posted $ 4.50 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be given a $ 1.00 dividend. This represents a $ 4.00 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.
JPMorgan Chase & Co. Company Profile: (Get Rating)
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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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