Fairhaven Wealth Management LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,010 shares of the financial services provider’s stock after selling 383 shares during the quarter. JPMorgan Chase & Co. comprises 1.9% of Fairhaven Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Fairhaven Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,105,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in JPM. Etfidea LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% during the 4th quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC grew its stake 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 purchasing an additional 6,521 shares during the period. Sutton Place Investors LLC lifted its stake in shares of JPMorgan Chase & Co. by 179.5% in the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after purchasing an additional 8,412 shares during the period. Allen Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 15.8% in the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after purchasing an additional 23,894 shares during the period. Finally, Breakwater Capital Group boosted its holdings in JPMorgan Chase & Co. by 12.3% during the third quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock worth $1,189,000 after buying an additional 934 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.
Insider Activity at JPMorgan Chase & Co.
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 Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the completion of the sale, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $200.02, for a total value of $2,347,034.68. Following the completion of the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total transaction of $716,340.80. Following the sale, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,071,414 shares of company stock valued at $196,746,504. Insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Trading Up 1.1 %
NYSE JPM opened at $204.79 on Monday. The stock has a market cap of $588.09 billion, a P/E ratio of 12.37, a PEG ratio of 2.52 and a beta of 1.13. The company’s fifty day simple moving average is $193.84 and its 200-day simple moving average is $176.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $205.05.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. Equities research analysts predict that JPMorgan Chase & Co. will post 16.22 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is 27.78%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on JPM shares. BMO Capital Markets decreased 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 note on Monday, April 15th. Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Piper Sandler lowered their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Morgan Stanley cut their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, UBS Group dropped their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.
Get Our Latest Stock Report on JPM
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.
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