JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Heron Financial Group LLC

Heron Financial Group LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,638 shares of the financial services provider’s stock after selling 180 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Heron Financial Group LLC’s portfolio, making the stock its 25th largest position. Heron Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,693,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. JSF Financial LLC raised its holdings in JPMorgan Chase & Co. by 0.6% during the second quarter. JSF Financial LLC now owns 10,680 shares of the financial services provider’s stock worth $1,553,000 after purchasing an additional 65 shares in the last quarter. Red Wave Investments LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% in the 2nd quarter. Red Wave Investments LLC now owns 4,719 shares of the financial services provider’s stock valued at $686,000 after buying an additional 65 shares during the last quarter. Riverview Capital Advisers LLC raised its stake in JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Riverview Capital Advisers LLC now owns 1,654 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 66 shares in the last quarter. Keystone Wealth Services LLC lifted its position in JPMorgan Chase & Co. by 1.6% in the second quarter. Keystone Wealth Services LLC now owns 4,129 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 67 shares during the last quarter. Finally, Carmel Capital Partners LLC boosted its stake 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 acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JPM shares. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $158.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Atlantic Securities raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $233.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $153.29 on Tuesday. The company has a market cap of $443.16 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $159.38. The business has a fifty day moving average of $145.23 and a two-hundred day moving average of $145.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, beating the consensus estimate of $3.95 by $0.38. The firm had revenue of $40.69 billion during the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.12 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th were paid a dividend of $1.05 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.74%. JPMorgan Chase & Co.’s payout ratio is 25.07%.

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, 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.