TRH Financial LLC Acquires Shares of 5,911 JPMorgan Chase & Co. (NYSE:JPM)

TRH Financial LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, Holdings Channel reports. The firm acquired 5,911 shares of the financial services provider’s stock, valued at approximately $803,000.

A number of other hedge funds have also recently bought and sold shares of JPM. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,687,342 shares of the financial services provider’s stock valued at $1,493,173,000 after acquiring an additional 125,867 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 11,292,144 shares of the financial services provider’s stock worth $1,328,972,000 after purchasing an additional 136,819 shares in the last quarter. Boston Partners increased its position in shares of JPMorgan Chase & Co. by 301.6% in the third quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock worth $1,202,693,000 after purchasing an additional 7,668,930 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of JPMorgan Chase & Co. by 43.3% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after purchasing an additional 2,283,575 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of JPMorgan Chase & Co. by 24.0% in the third quarter. California Public Employees Retirement System now owns 6,969,376 shares of the financial services provider’s stock worth $820,226,000 after purchasing an additional 1,349,699 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 14,600 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average cost of $137.25 per share, for a total transaction of $2,003,850.00. Following the acquisition, the director now owns 8,527 shares in the company, valued at approximately $1,170,330.75. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicole Giles sold 863 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $126.73, for a total value of $109,367.99. Following the completion of the transaction, the insider now directly owns 8,949 shares of the company’s stock, valued at $1,134,106.77. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,172 shares of company stock worth $16,158,032. 0.76% of the stock is owned by company insiders.

Shares of JPM stock opened at $136.84 on Wednesday. The business’s 50-day moving average price is $137.06 and its 200-day moving average price is $122.74. JPMorgan Chase & Co. has a 12 month low of $98.09 and a 12 month high of $141.10. The firm has a market capitalization of $433.46 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 1.84 and a beta of 1.24. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.25. The company had revenue of $28.30 billion during the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 10.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $0.90 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.60 annualized dividend and a yield of 2.63%. JPMorgan Chase & Co.’s payout ratio is 34.35%.

Several equities research analysts recently weighed in on the stock. Edward Jones reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 15th. DA Davidson began coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 8th. They set a “neutral” rating and a $140.00 price objective on the stock. ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. Finally, UBS Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and upped their price target for the stock from $132.00 to $138.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $135.29.

About JPMorgan Chase & Co.

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 and investment products 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, payment processing, auto loan, and leasing services.

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

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