KCS Wealth Advisory Sells 391 Shares of JPMorgan Chase & Co. (NYSE:JPM)

KCS Wealth Advisory lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,735 shares of the financial services provider’s stock after selling 391 shares during the period. KCS Wealth Advisory’s holdings in JPMorgan Chase & Co. were worth $660,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Morgan Stanley lifted its stake in shares of JPMorgan Chase & Co. by 5.8% in the second quarter. Morgan Stanley now owns 35,662,949 shares of the financial services provider’s stock worth $3,987,118,000 after buying an additional 1,952,873 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,432.9% in the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after buying an additional 22,754,332 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,687,342 shares of the financial services provider’s stock worth $1,493,173,000 after buying an additional 125,867 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Parametric Portfolio Associates LLC now owns 11,292,144 shares of the financial services provider’s stock worth $1,328,972,000 after buying an additional 136,819 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of JPMorgan Chase & Co. by 301.6% in the third quarter. Boston Partners now owns 10,211,286 shares of the financial services provider’s stock worth $1,202,693,000 after buying an additional 7,668,930 shares in the last quarter. 72.05% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 16,000 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, October 23rd. The stock was acquired at an average cost of $124.65 per share, with a total value of $1,994,400.00. Following the completion of the acquisition, the director now owns 8,186 shares in the company, valued at $1,020,384.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Scher sold 21,949 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $137.11, for a total transaction of $3,009,427.39. Following the sale, the executive vice president now directly owns 26,525 shares of the company’s stock, valued at $3,636,842.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,172 shares of company stock valued at $16,158,032. 0.76% of the stock is owned by corporate insiders.

Several brokerages have recently issued reports on JPM. Robert W. Baird upped their target price on shares of JPMorgan Chase & Co. from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. UBS Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $132.00 to $138.00 in a report on Monday, January 6th. Royal Bank of Canada reissued a “buy” rating and set a $145.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, January 8th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $116.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $141.00 to $149.00 and gave the company a “neutral” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $135.29.

JPM opened at $136.72 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $136.35 and a 200-day moving average price of $121.98. JPMorgan Chase & Co. has a twelve month low of $98.09 and a twelve month high of $141.10. The stock has a market capitalization of $435.34 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.89 and a beta of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 14th. The financial services provider reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The business had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion. During the same period in the prior year, the company earned $1.98 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 10.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, January 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 2.63%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

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

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