Round Rock Advisors LLC Reduces Stake in JPMorgan Chase & Co. (NYSE:JPM)

Round Rock Advisors LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 42.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,123 shares of the financial services provider’s stock after selling 3,807 shares during the quarter. Round Rock Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,026,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Etfidea LLC lifted its position in 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 acquiring an additional 100 shares during the period. TKG Advisors LLC lifted its position in 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 acquiring an additional 6,521 shares during the period. Sutton Place Investors LLC lifted its position in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after acquiring an additional 8,412 shares during the period. Allen Investment Management LLC lifted its position in JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after acquiring an additional 23,894 shares during the period. Finally, Breakwater Capital Group lifted its position in JPMorgan Chase & Co. by 12.3% during the 3rd quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock worth $1,189,000 after acquiring an additional 934 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Piper Sandler reduced their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. UBS Group reduced their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Oppenheimer reduced their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

View Our Latest Research Report on JPM

JPMorgan Chase & Co. Trading Down 4.5 %

Shares of NYSE:JPM traded down $9.14 during midday trading on Monday, reaching $195.65. The company’s stock had a trading volume of 17,351,615 shares, compared to its average volume of 9,274,532. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $205.88. The firm has a market cap of $561.84 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $193.99 and a 200 day moving average price of $176.98.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. Research analysts forecast that JPMorgan Chase & Co. will post 16.22 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.35%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total transaction of $716,340.80. Following the transaction, the insider now owns 44,996 shares in the company, valued at $8,222,569.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,081,127 shares of company stock worth $198,695,364. 0.79% of the stock is owned by insiders.

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

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