JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,677 shares of the financial services provider’s stock after selling 172 shares during the period. MADDEN SECURITIES Corp’s holdings in JPMorgan Chase & Co. were worth $642,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its holdings in shares of JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after purchasing an additional 69,451 shares during the period. Alpha Financial Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 343 shares during the period. Calton & Associates Inc. grew its holdings in shares of JPMorgan Chase & Co. by 307.3% in the third quarter. Calton & Associates Inc. now owns 33,750 shares of the financial services provider’s stock valued at $7,117,000 after purchasing an additional 25,464 shares during the period. Violich Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 0.5% in the third quarter. Violich Capital Management Inc. now owns 19,795 shares of the financial services provider’s stock valued at $4,174,000 after buying an additional 100 shares during the last quarter. Finally, Koss Olinger Consulting LLC lifted its position in JPMorgan Chase & Co. by 4.0% in the third quarter. Koss Olinger Consulting LLC now owns 3,496 shares of the financial services provider’s stock valued at $737,000 after buying an additional 133 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.2 %

NYSE:JPM opened at $279.30 on Thursday. The company has a market capitalization of $786.31 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $178.40 and a 52-week high of $280.25. The stock has a fifty day simple moving average of $255.13 and a 200-day simple moving average of $234.26.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on JPM shares. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.