JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lessened by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,243 shares of the financial services provider’s stock after selling 115 shares during the quarter. JPMorgan Chase & Co. makes up 3.1% of Guerra Pan Advisors LLC’s holdings, making the stock its 7th largest holding. Guerra Pan Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,646,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in JPMorgan Chase & Co. by 1.9% during the second quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after purchasing an additional 2,384,901 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Morgan Stanley boosted its holdings in JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.0% in the second quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock worth $7,740,212,000 after acquiring an additional 1,057,041 shares in the last quarter. Finally, Norges Bank acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $3,894,646,000. Institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of JPM opened at $175.86 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The stock’s 50 day moving average is $169.01 and its two-hundred day moving average is $155.42. The firm has a market cap of $505.89 billion, a P/E ratio of 10.84, a PEG ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. During the same period in the previous year, the business posted $3.57 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 15.87 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Bank of America raised their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a report on Tuesday, January 16th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Piper Sandler raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Stock Report on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

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 stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the sale, the chief executive officer now directly owns 34,467 shares of the company’s stock, valued at $5,741,857.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total value of $5,158,880.00. Following the sale, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total value of $274,706.91. Following the completion of the sale, the chief executive officer now directly owns 34,467 shares in the company, valued at $5,741,857.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,072 shares of company stock valued at $6,297,103. Company insiders own 0.79% of the company’s stock.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

Further Reading

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:JPMFree Report).

Institutional Ownership by Quarter 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.