Overbrook Management Corp Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Overbrook Management Corp reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 38.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,705 shares of the financial services provider’s stock after selling 34,209 shares during the period. JPMorgan Chase & Co. makes up approximately 3.0% of Overbrook Management Corp’s portfolio, making the stock its 14th biggest position. Overbrook Management Corp’s holdings in JPMorgan Chase & Co. were worth $11,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teza Capital Management LLC grew its position in JPMorgan Chase & Co. by 40.8% in the 3rd quarter. Teza Capital Management LLC now owns 12,044 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 3,487 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in JPMorgan Chase & Co. in the 3rd quarter valued at about $244,000. Insigneo Advisory Services LLC grew its position in JPMorgan Chase & Co. by 8.2% in the 3rd quarter. Insigneo Advisory Services LLC now owns 34,805 shares of the financial services provider’s stock valued at $5,047,000 after acquiring an additional 2,640 shares in the last quarter. AQR Capital Management LLC grew its position in JPMorgan Chase & Co. by 54.6% in the 3rd quarter. AQR Capital Management LLC now owns 782,582 shares of the financial services provider’s stock valued at $113,490,000 after acquiring an additional 276,429 shares in the last quarter. Finally, Fairhaven Wealth Management LLC grew its position in JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Fairhaven Wealth Management LLC now owns 30,393 shares of the financial services provider’s stock valued at $4,408,000 after acquiring an additional 90 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the transaction, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 250,565 shares of company stock valued at $46,962,717 over the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, May 21st. Jefferies Financial Group boosted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Finally, Robert W. Baird boosted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $194.10.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $202.34 on Friday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $205.88. 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 business has a 50 day simple moving average of $196.91 and a 200-day simple moving average of $185.92. The stock has a market capitalization of $581.05 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. Equities analysts predict that JPMorgan Chase & Co. will post 16.44 earnings per share 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. Investors of record on Friday, July 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

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.