JPMorgan Chase & Co. (NYSE:JPM) is Buffington Mohr McNeal’s 8th Largest Position

Buffington Mohr McNeal cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 67,168 shares of the financial services provider’s stock after selling 740 shares during the period. JPMorgan Chase & Co. makes up about 2.7% of Buffington Mohr McNeal’s investment portfolio, making the stock its 8th largest holding. Buffington Mohr McNeal’s holdings in JPMorgan Chase & Co. were worth $16,101,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JPM. AMF Tjanstepension AB raised its holdings in 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 worth $99,972,000 after buying an additional 69,451 shares during the last quarter. Czech National Bank grew its stake in shares of JPMorgan Chase & Co. by 5.9% in the third quarter. Czech National Bank now owns 579,485 shares of the financial services provider’s stock worth $122,190,000 after acquiring an additional 32,261 shares during the period. GAMMA Investing LLC grew its stake in shares of JPMorgan Chase & Co. by 13.9% in the third quarter. GAMMA Investing LLC now owns 81,725 shares of the financial services provider’s stock worth $17,233,000 after acquiring an additional 9,990 shares during the period. WealthBridge Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the third quarter. WealthBridge Capital Management LLC now owns 11,007 shares of the financial services provider’s stock worth $2,321,000 after acquiring an additional 632 shares during the period. Finally, Alpha Financial Partners LLC grew its stake 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 worth $702,000 after acquiring an additional 343 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Down 0.4 %

Shares of JPM opened at $267.14 on Monday. JPMorgan Chase & Co. has a twelve month low of $171.43 and a twelve month high of $270.82. The company has a market cap of $752.09 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.87 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $247.91 and its 200-day simple moving average is $228.41.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.04 earnings per share. As a group, analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JPM. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research note on Thursday, November 7th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Piper Sandler boosted 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.