Thompson Siegel & Walmsley LLC Sells 448 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Thompson Siegel & Walmsley LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,142 shares of the financial services provider’s stock after selling 448 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in JPMorgan Chase & Co. were worth $15,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of JPMorgan Chase & Co. by 97,681.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after acquiring an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 105,652.2% during 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 acquiring an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $3,894,646,000. Morgan Stanley raised its holdings in shares of 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 worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 13,205.6% during the 1st quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after acquiring an additional 5,355,265 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $153.29 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $159.38. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $145.23 and its 200-day simple moving average is $145.34. The company has a market capitalization of $443.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 1.80 and a beta of 1.12.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a dividend of $1.05 per share. The ex-dividend date was Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.74%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.07%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction dated 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 owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. HSBC assumed coverage on JPMorgan Chase & Co. in a report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target on the stock. Piper Sandler increased their price target on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 16th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $168.80.

JPMorgan Chase & Co. Profile

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.