Janney Capital Management LLC Sells 8,761 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Janney Capital Management LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,321 shares of the financial services provider’s stock after selling 8,761 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.2% of Janney Capital Management LLC’s portfolio, making the stock its 5th biggest position. Janney Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $32,544,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Etfidea LLC lifted its stake in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares during the last quarter. Sutton Place Investors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 179.5% in the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 8,412 shares in the last quarter. Allen Investment Management LLC grew its position in shares of JPMorgan Chase & Co. by 15.8% in the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after buying an additional 23,894 shares during the last quarter. Finally, Breakwater Capital Group raised its stake in JPMorgan Chase & Co. by 12.3% during the 3rd quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock worth $1,189,000 after acquiring an additional 934 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $204.79 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $193.84 and its two-hundred day moving average is $176.33. JPMorgan Chase & Co. has a twelve month low of $134.40 and a twelve month high of $205.05. The firm has a market capitalization of $588.09 billion, a PE ratio of 12.37, a P/E/G ratio of 2.52 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Research analysts anticipate that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.25%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets cut their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Piper Sandler lowered their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $192.05.

View Our Latest Stock Report on JPMorgan Chase & Co.

Insiders Place Their Bets

In related news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now owns 585,898 shares in the company, valued at approximately $113,465,006.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,071,414 shares of company stock worth $196,746,504. 0.79% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

(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; 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.

Further Reading

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

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