JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 30.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,943,929 shares of the financial services provider’s stock after selling 871,222 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.3% of Healthcare of Ontario Pension Plan Trust Fund’s holdings, making the stock its 12th largest holding. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of JPMorgan Chase & Co. worth $389,369,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Trust Co of the South boosted its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 53 shares during the last quarter. Inspire Advisors LLC raised its stake in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Inspire Advisors LLC now owns 2,103 shares of the financial services provider’s stock worth $421,000 after buying an additional 54 shares during the period. PFW Advisors LLC raised its stake in JPMorgan Chase & Co. by 1.1% during the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,048,000 after buying an additional 55 shares during the period. Murphy Middleton Hinkle & Parker Inc. raised its stake in JPMorgan Chase & Co. by 2.0% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock worth $568,000 after buying an additional 55 shares during the period. Finally, KFG Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 3.6% during the 1st quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after buying an additional 56 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $208.70 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $217.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The stock has a market capitalization of $599.32 billion, a P/E ratio of 11.64, a PEG ratio of 2.45 and a beta of 1.12. The stock has a 50-day simple moving average of $202.24 and a 200 day simple moving average of $191.32.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 16.67 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.66%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares in the company, valued at $8,772,311.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now directly owns 42,124 shares in the company, valued at $8,452,180.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 3,000 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $198.86, for a total transaction of $596,580.00. Following the completion of the sale, the insider now owns 44,113 shares of the company’s stock, valued at $8,772,311.18. The disclosure for this sale can be found here. Insiders sold a total of 72,343 shares of company stock worth $14,137,789 over the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on JPM shares. Citigroup raised their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $202.89.

About JPMorgan Chase & Co.

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.