Campbell Wealth Management lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,097 shares of the financial services provider’s stock after selling 385 shares during the period. Campbell Wealth Management’s holdings in JPMorgan Chase & Co. were worth $292,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in JPM. LFA Lugano Financial Advisors SA purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Bridger Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $33,000. Vista Private Wealth Partners. LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $35,000. Eukles Asset Management grew its position in JPMorgan Chase & Co. by 36.5% during the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 85 shares during the last quarter. Finally, JJJ Advisors Inc. grew its position in JPMorgan Chase & Co. by 87.5% during the 3rd quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.
In other news, General Counsel Stacey Friedman sold 6,441 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total value of $883,061.10. Following the transaction, the general counsel now owns 36,559 shares in the company, valued at approximately $5,012,238.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel E. Pinto sold 64,198 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $130.91, for a total transaction of $8,404,160.18. Following the completion of the transaction, the chief executive officer now owns 451,481 shares in the company, valued at approximately $59,103,377.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,172 shares of company stock worth $16,158,032. Insiders own 0.76% of the company’s stock.
Shares of NYSE JPM opened at $136.72 on Thursday. The firm’s 50-day moving average price is $136.35 and its 200-day moving average price is $121.98. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The company has a market cap of $435.34 billion, a PE ratio of 13.23, a PEG ratio of 1.89 and a beta of 1.24. JPMorgan Chase & Co. has a 52-week low of $98.09 and a 52-week high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. The firm had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.98 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 10.5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is presently 34.35%.
Several analysts recently commented on JPM shares. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird increased their price objective on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reissued a “buy” rating and set a $145.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $146.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. to and gave the company a “market perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $135.29.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
Featured Story: What is the Current Ratio?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.