JPMorgan Chase & Co. $JPM Shares Sold by Marshall Investment Management LLC

Marshall Investment Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 90.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,441 shares of the financial services provider’s stock after selling 12,991 shares during the quarter. JPMorgan Chase & Co. makes up about 2.0% of Marshall Investment Management LLC’s investment portfolio, making the stock its 16th biggest position. Marshall Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Harbor Asset Planning Inc. acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. lifted its holdings in shares of JPMorgan Chase & Co. by 450.0% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 90 shares during the period. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $30,000. Ryan Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth approximately $37,000. Finally, Christopher J. Hasenberg Inc grew its holdings in JPMorgan Chase & Co. by 212.0% in the second quarter. Christopher J. Hasenberg Inc now owns 156 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JPM. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $309.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $330.00 to $354.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. TD Cowen lifted their target price on JPMorgan Chase & Co. from $350.00 to $370.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Loop Capital set a $310.00 price target on JPMorgan Chase & Co. in a research note on Thursday, October 23rd. Finally, Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $325.48.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $300.23 on Wednesday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $322.25. The company has a market capitalization of $817.29 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $306.41 and a 200-day simple moving average of $295.75.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.83 by $0.24. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.37 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.72%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider directly owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.