Dalton Greiner Hartman Maher & Co. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.9% during the fourth quarter, HoldingsChannel reports. The firm owned 95,224 shares of the financial services provider’s stock after selling 9,357 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in JPMorgan Chase & Co. were worth $13,274,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of JPM. LFA Lugano Financial Advisors SA acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Bridger Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth about $33,000. Vista Private Wealth Partners. LLC acquired a new stake in JPMorgan Chase & Co. during the third quarter worth about $35,000. Eukles Asset Management grew its position in JPMorgan Chase & Co. by 36.5% during the third quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock worth $37,000 after buying an additional 85 shares in the last quarter. Finally, JJJ Advisors Inc. grew its position in JPMorgan Chase & Co. by 87.5% during the third quarter. JJJ Advisors Inc. now owns 375 shares of the financial services provider’s stock worth $44,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 72.05% of the company’s stock.
JPM has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. to and gave the stock a “market perform” rating in a research report on Wednesday. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $141.00 to $149.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $145.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Edward Jones reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $135.29.
NYSE JPM opened at $136.72 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average is $136.35 and its two-hundred day moving average is $121.98. The company has a market capitalization of $435.34 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.89 and a beta of 1.24. JPMorgan Chase & Co. has a 1-year low of $98.09 and a 1-year high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.25. The company had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. JPMorgan Chase & Co. had a return on equity of 15.19% and a net margin of 25.49%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 10.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 2.63%. The ex-dividend date is Friday, January 3rd. JPMorgan Chase & Co.’s payout ratio is 34.35%.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 64,198 shares of JPMorgan Chase & Co. 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 sale, the chief executive officer now directly owns 451,481 shares of the company’s stock, valued at $59,103,377.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicole Giles sold 863 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $126.73, for a total value of $109,367.99. Following the sale, the insider now directly owns 8,949 shares in the company, valued at $1,134,106.77. The disclosure for this sale can be found here. Insiders have sold 121,172 shares of company stock worth $16,158,032 over the last ninety days. Company insiders own 0.76% of the company’s stock.
About JPMorgan Chase & Co.
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.
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