XML Financial LLC Sells 978 Shares of JPMorgan Chase & Co. (NYSE:JPM)

XML Financial LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,070 shares of the financial services provider’s stock after selling 978 shares during the quarter. XML Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,087,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JPM. Capital World Investors lifted its holdings in shares of JPMorgan Chase & Co. by 1.9% during the fourth quarter. Capital World Investors now owns 82,845,612 shares of the financial services provider’s stock worth $11,548,674,000 after buying an additional 1,531,579 shares during the last quarter. FMR LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. FMR LLC now owns 55,512,219 shares of the financial services provider’s stock worth $7,738,402,000 after buying an additional 202,379 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 44,411,768 shares of the financial services provider’s stock worth $6,178,292,000 after buying an additional 595,401 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of JPMorgan Chase & Co. by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 31,592,855 shares of the financial services provider’s stock worth $2,844,306,000 after buying an additional 175,979 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $3,908,541,000. 73.01% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. stock opened at $89.47 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a fifty day moving average price of $91.61 and a two-hundred day moving average price of $118.08. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The firm has a market capitalization of $274.75 billion, a P/E ratio of 10.11, a P/E/G ratio of 3.51 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, April 14th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($1.92). JPMorgan Chase & Co. had a return on equity of 12.52% and a net margin of 21.61%. The company had revenue of $28.25 billion for the quarter, compared to analyst estimates of $29.45 billion. During the same quarter in the prior year, the company earned $2.65 earnings per share. The business’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 5.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be paid a dividend of $0.90 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.60 annualized dividend and a yield of 4.02%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

A number of research analysts have recently commented on the company. Deutsche Bank reiterated a “neutral” rating and set a $105.00 price target (down from $130.00) on shares of JPMorgan Chase & Co. in a report on Thursday, April 2nd. BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $117.00 to $101.00 and set a “market perform” rating for the company in a research note on Wednesday, April 15th. DA Davidson upped their target price on JPMorgan Chase & Co. from $91.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating for the company in a research note on Friday, April 3rd. Finally, TheStreet lowered JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research note on Monday, May 11th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $109.75.

In other news, insider Ashley Bacon sold 13,027 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $91.12, for a total transaction of $1,187,020.24. Following the sale, the insider now owns 137,243 shares in the company, valued at $12,505,582.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen B. Burke bought 75,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of $87.99 per share, for a total transaction of $6,599,250.00. Following the acquisition, the director now directly owns 150,043 shares of the company’s stock, valued at approximately $13,202,283.57. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. 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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