Monetary Management Group Inc. Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Monetary Management Group Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,619 shares of the financial services provider’s stock after selling 3,600 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.3% of Monetary Management Group Inc.’s portfolio, making the stock its 15th biggest holding. Monetary Management Group Inc.’s holdings in JPMorgan Chase & Co. were worth $3,860,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at $1,731,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of JPMorgan Chase & Co. by 14.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 584,320 shares of the financial services provider’s stock valued at $84,738,000 after acquiring an additional 74,663 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $9,578,000. TAGStone Capital Inc. boosted its stake in JPMorgan Chase & Co. by 5.3% in the 3rd quarter. TAGStone Capital Inc. now owns 2,343 shares of the financial services provider’s stock worth $340,000 after buying an additional 117 shares during the last quarter. Finally, Davidson Investment Advisors boosted its stake in JPMorgan Chase & Co. by 35.6% in the 3rd quarter. Davidson Investment Advisors now owns 6,302 shares of the financial services provider’s stock worth $914,000 after buying an additional 1,654 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JPM shares. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, November 2nd. Piper Sandler raised their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Barclays lifted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

Read Our Latest Research Report on JPM

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the completion of the transaction, the insider now owns 46,766 shares in the company, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. Insiders have sold 39,072 shares of company stock valued at $6,297,103 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM opened at $175.86 on Tuesday. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The stock’s fifty day moving average is $169.01 and its 200-day moving average is $155.42. The company has a market capitalization of $505.89 billion, a PE ratio of 10.84, a P/E/G ratio of 2.21 and a beta of 1.14.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.89%.

JPMorgan Chase & Co. Company Profile

(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.

Recommended Stories

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.