JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600,467 shares of the financial services provider’s stock after selling 12,310 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.8% of Texas Permanent School Fund Corp’s holdings, making the stock its 13th largest position. Texas Permanent School Fund Corp’s holdings in JPMorgan Chase & Co. were worth $87,080,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Macroview Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $40,000. FSC Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $58,000. Finally, Robbins Farley lifted its position in JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after buying an additional 96 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $175.01 on Monday. The company has a market cap of $503.44 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. The business has a 50-day simple moving average of $168.65 and a 200 day simple moving average of $155.28. JPMorgan Chase & Co. has a 52 week low of $123.11 and a 52 week high of $178.30. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.57 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.

Insider Transactions at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now directly owns 46,766 shares in the company, valued at $7,793,553.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 1,812 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the transaction, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,072 shares of company stock worth $6,297,103. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of several research reports. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, November 2nd. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Oppenheimer lifted their price objective on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $179.11.

Get Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. 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 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.

Further Reading

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

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