Capital International Inc. CA lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,641 shares of the financial services provider’s stock after selling 13,217 shares during the period. JPMorgan Chase & Co. comprises about 1.4% of Capital International Inc. CA’s portfolio, making the stock its 19th largest holding. Capital International Inc. CA’s holdings in JPMorgan Chase & Co. were worth $98,506,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $26,000. NWK Group Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $39,000. Lloyd Advisory Services LLC. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $45,000. Permanens Capital L.P. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $50,000. Finally, Moser Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $63,000. 73.93% of the stock is owned by institutional investors.
In other JPMorgan Chase & Co. news, insider Nicole Giles sold 3,015 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total transaction of $413,356.50. Following the sale, the insider now directly owns 10,607 shares of the company’s stock, valued at approximately $1,454,219.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Daniel E. Pinto sold 15,212 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total transaction of $2,064,572.64. Following the sale, the chief executive officer now directly owns 458,209 shares in the company, valued at $62,188,125.48. The disclosure for this sale can be found here. Insiders have sold a total of 128,814 shares of company stock worth $17,318,144 over the last three months. Insiders own 0.76% of the company’s stock.
JPM stock traded up $5.43 during trading on Thursday, reaching $97.16. 2,093,187 shares of the company were exchanged, compared to its average volume of 34,256,072. The company has a 50-day moving average of $117.04 and a two-hundred day moving average of $125.62. The company has a market capitalization of $271.83 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.67 and a beta of 1.19. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.25. The business had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 10.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Friday, April 3rd. JPMorgan Chase & Co.’s payout ratio is 34.35%.
JPM has been the subject of several analyst reports. Piper Sandler upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $149.00 target price for the company in a research report on Monday, March 2nd. Citigroup dropped their target price on shares of JPMorgan Chase & Co. from $140.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Royal Bank of Canada restated a “buy” rating and issued a $145.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and set a $135.00 target price for the company. in a research report on Monday, December 9th. Finally, Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $131.18.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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