Barr E S & Co. Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Barr E S & Co. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,163 shares of the financial services provider’s stock after selling 1,419 shares during the quarter. JPMorgan Chase & Co. makes up 2.8% of Barr E S & Co.’s holdings, making the stock its 12th largest position. Barr E S & Co.’s holdings in JPMorgan Chase & Co. were worth $37,693,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JPM. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of JPMorgan Chase & Co. by 97,681.8% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after acquiring an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after acquiring an additional 97,907,897 shares in the last quarter. Morgan Stanley lifted its position in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.1% in the first quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock valued at $6,801,125,000 after acquiring an additional 1,061,831 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of JPMorgan Chase & Co. by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock valued at $4,270,198,000 after acquiring an additional 2,285,429 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of NYSE JPM opened at $153.29 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $123.11 and a 1 year high of $159.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $443.16 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. The business has a 50-day moving average of $145.23 and a two-hundred day moving average of $145.34.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. The business had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. During the same period in the previous year, the business earned $3.12 EPS. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 16.67 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, October 5th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is 25.07%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at approximately $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $168.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. HSBC assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They set a “hold” rating and a $159.00 price objective on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $158.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.80.

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 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.