JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Clarius Group LLC

Clarius Group LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 39,708 shares of the financial services provider’s stock after selling 380 shares during the period. JPMorgan Chase & Co. makes up approximately 0.4% of Clarius Group LLC’s portfolio, making the stock its 29th largest position. Clarius Group LLC’s holdings in JPMorgan Chase & Co. were worth $5,775,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $2,455,000. LSV Asset Management boosted its stake in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $152.82 on Monday. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $159.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $441.80 billion, a PE ratio of 9.12, a P/E/G ratio of 1.80 and a beta of 1.12. The stock has a 50 day moving average price of $145.05 and a 200 day moving average price of $145.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS 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 firm had revenue of $40.69 billion during the quarter, compared to analysts’ expectations of $39.63 billion. During the same quarter last year, the firm earned $3.12 earnings per share. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a dividend of $1.05 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $4.20 annualized dividend and a yield of 2.75%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JPM. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. HSBC began coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target on the stock. Evercore ISI increased their price target on JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Piper Sandler increased their price target 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. Finally, BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a research report on Monday, October 16th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.80.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by insiders.

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.