Centennial Wealth Advisory LLC Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Centennial Wealth Advisory LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308 shares of the financial services provider’s stock after selling 88 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $222,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of JPMorgan Chase & Co. by 1.9% during the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after acquiring an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares in the last quarter. FMR LLC lifted its stake in JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares in the company, valued at $5,741,857.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,649 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 over the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $199.52 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a one year low of $126.22 and a one year high of $200.48. The company’s 50-day simple moving average is $181.58 and its 200-day simple moving average is $163.37. The stock has a market capitalization of $574.69 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.46 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period in the prior year, the business earned $3.57 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.31%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.36%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Barclays increased their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 16th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

JPMorgan Chase & Co. Company 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.