EverSource Wealth Advisors LLC Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

EverSource Wealth Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,749 shares of the financial services provider’s stock after selling 755 shares during the period. EverSource Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,879,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich increased its stake in JPMorgan Chase & Co. by 97,681.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock worth $299,133,293,000 after purchasing an additional 2,054,643,659 shares during the period. State Street Corp increased its stake in JPMorgan Chase & Co. by 1.9% in the 2nd quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock worth $18,360,920,000 after purchasing an additional 2,384,901 shares during the period. Moneta Group Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Morgan Stanley increased its stake in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. Finally, Geode Capital Management LLC increased its stake in JPMorgan Chase & Co. by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 53,367,497 shares of the financial services provider’s stock worth $7,740,212,000 after purchasing an additional 1,057,041 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their target price on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday. Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Thursday, November 2nd. Barclays boosted their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a research note on Tuesday, January 16th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.11.

View Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $176.30 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average is $165.38 and its 200 day moving average is $154.20. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $176.76. The stock has a market cap of $507.15 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.19 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same period last year, the firm posted $3.57 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 15.74 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.89%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Marianne Lake sold 32,243 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the transaction, the chief executive officer now directly owns 131,962 shares of the company’s stock, valued at $21,113,920. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,072 shares of company stock valued at $6,297,103. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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

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