Sunpointe LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sunpointe LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,181 shares of the financial services provider’s stock after selling 314 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.6% of Sunpointe LLC’s portfolio, making the stock its 11th largest position. Sunpointe LLC’s holdings in JPMorgan Chase & Co. were worth $1,438,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JPM. Stone House Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Bare Financial Services Inc bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Partnership Wealth Management LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter worth about $36,000. Stuart Chaussee & Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $40,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $40,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $199.20 on Friday. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $205.88. The business has a fifty day moving average of $196.22 and a 200 day moving average of $185.53. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $572.04 billion, a P/E ratio of 12.03, a PEG ratio of 2.66 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.44 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $194.10.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 4,415 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.65, for a total transaction of $885,869.75. Following the completion of the transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 250,565 shares of company stock valued at $46,962,717. 0.79% of the stock is owned by company 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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.