Cumberland Advisors Inc. Sells 200 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cumberland Advisors Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,615 shares of the financial services provider’s stock after selling 200 shares during the quarter. JPMorgan Chase & Co. comprises 2.0% of Cumberland Advisors Inc.’s holdings, making the stock its 14th largest holding. Cumberland Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $4,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Price T Rowe Associates Inc. MD lifted its stake in JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after acquiring an additional 5,978,393 shares in the last quarter. Greenhaven Associates Inc. lifted its position in shares of JPMorgan Chase & Co. by 600.7% during the second quarter. Greenhaven Associates Inc. now owns 4,533,856 shares of the financial services provider’s stock valued at $510,558,000 after purchasing an additional 3,886,845 shares in the last quarter. Public Investment Fund bought a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $433,667,000. Franklin Resources Inc. boosted its holdings in JPMorgan Chase & Co. by 21.1% during the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after purchasing an additional 3,435,522 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in JPMorgan Chase & Co. by 244.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,931,843 shares of the financial services provider’s stock worth $442,765,000 after purchasing an additional 2,791,457 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.0 %

Shares of NYSE JPM opened at $135.35 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $169.81. The business has a 50-day simple moving average of $132.63 and a two-hundred day simple moving average of $120.83. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. The company has a market cap of $397.01 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.09 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Friday, October 14th. The financial services provider reported $3.12 EPS for the quarter, topping the consensus estimate of $2.96 by $0.16. JPMorgan Chase & Co. had a return on equity of 14.52% and a net margin of 26.85%. The business had revenue of $32.72 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same quarter last year, the company earned $3.74 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 11.68 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, January 5th. This represents a $4.00 annualized dividend and a yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 33,515 shares of the firm’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $115.77, for a total value of $3,880,031.55. Following the completion of the transaction, the chief executive officer now owns 533,795 shares in the company, valued at approximately $61,797,447.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Douglas B. Petno sold 5,139 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $125.02, for a total transaction of $642,477.78. Following the completion of the sale, the chief executive officer now owns 248,011 shares in the company, valued at approximately $31,006,335.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Mary E. Erdoes sold 33,515 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $115.77, for a total value of $3,880,031.55. Following the sale, the chief executive officer now owns 533,795 shares of the company’s stock, valued at approximately $61,797,447.15. The disclosure for this sale can be found here. Insiders sold a total of 41,964 shares of company stock worth $4,936,426 in the last quarter. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research analyst reports. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a research note on Monday, September 12th. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $174.00 to $169.00 and set an “outperform” rating for the company in a research report on Wednesday, December 28th. Piper Sandler initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, December 8th. They set an “overweight” rating and a $150.00 target price for the company. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Thursday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.67.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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