JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 333,130 shares of the financial services provider’s stock after selling 41,508 shares during the quarter. Manning & Napier Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $79,855,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $27,000. West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $37,000. New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after buying an additional 50 shares during the last quarter. Finally, Carolina Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 36.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after buying an additional 50 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE JPM opened at $268.15 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market capitalization of $754.93 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The company’s 50-day simple moving average is $248.25 and its two-hundred day simple moving average is $228.90. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $270.82.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JPM shares. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group boosted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Piper Sandler upped their price objective 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 given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $251.78.

About JPMorgan Chase & Co.

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.