American International Group Inc. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

American International Group Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 854,869 shares of the financial services provider’s stock after selling 4,181 shares during the quarter. JPMorgan Chase & Co. accounts for 0.7% of American International Group Inc.’s portfolio, making the stock its 12th biggest holding. American International Group Inc.’s holdings in JPMorgan Chase & Co. were worth $135,369,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Capital World Investors boosted its stake in shares of JPMorgan Chase & Co. by 3.9% in the third quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider’s stock valued at $12,162,752,000 after buying an additional 2,764,341 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after buying an additional 687,571 shares in the last quarter. Morgan Stanley raised its holdings in JPMorgan Chase & Co. by 1.4% during the second quarter. Morgan Stanley now owns 38,288,577 shares of the financial services provider’s stock worth $5,955,407,000 after purchasing an additional 510,298 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock worth $2,819,021,000 after purchasing an additional 273,693 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in JPMorgan Chase & Co. by 9.8% during the third quarter. UBS Asset Management Americas Inc. now owns 15,741,146 shares of the financial services provider’s stock worth $2,576,668,000 after purchasing an additional 1,403,825 shares during the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

In other news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The stock was sold at an average price of $126.19, for a total value of $589,054.92. Following the completion of the sale, the chief executive officer now owns 11,135 shares of the company’s stock, valued at $1,405,125.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total value of $2,732,400.48. Following the completion of the sale, the insider now directly owns 178,588 shares of the company’s stock, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

JPM stock traded down $0.97 during trading on Friday, reaching $117.34. 13,150,099 shares of the stock traded hands, compared to its average volume of 14,680,106. The business’s 50 day moving average price is $129.45 and its 200-day moving average price is $146.23. JPMorgan Chase & Co. has a 52-week low of $115.02 and a 52-week high of $172.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $344.63 billion, a PE ratio of 8.70, a P/E/G ratio of 2.15 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $30.53 billion. During the same period last year, the firm posted $4.50 EPS. JPMorgan Chase & Co.’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that JPMorgan Chase & Co. will post 11.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

Several equities analysts recently issued reports on JPM shares. BMO Capital Markets reduced their price objective on JPMorgan Chase & Co. from $154.00 to $150.00 and set a “hold” rating for the company in a report on Thursday, April 14th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 14th. Royal Bank of Canada set a $175.00 price target on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Thursday, April 14th. Oppenheimer raised JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target for the company in a report on Tuesday, May 3rd. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $161.17.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing 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:JPMGet Rating).

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.