Phillips Financial Management LLC Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Phillips Financial Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,416 shares of the financial services provider’s stock after selling 153 shares during the period. Phillips Financial Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Macroview Investment Management LLC boosted its position in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $40,000. FSC Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 288 shares during the period. Legacy Financial Group LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $58,000. Finally, Robbins Farley boosted its position in JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 96 shares during the period. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $175.86 on Tuesday. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. The firm 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. The company’s 50 day simple moving average is $169.01 and its 200 day simple moving average is $155.42.

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). JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the prior year, the business earned $3.57 EPS. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 15.87 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on JPM shares. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research report on Tuesday, January 16th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Odeon Capital Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Thursday, November 2nd. Eight 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.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $179.11.

Get Our Latest Stock Analysis on JPM

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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