Centaurus Financial Inc. Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Centaurus Financial Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPMFree Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,112 shares of the financial services provider’s stock after selling 818 shares during the period. Centaurus Financial Inc.’s holdings in JPMorgan Chase & Co. were worth $5,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. White Pine Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 4.9% in the 3rd quarter. White Pine Capital LLC now owns 19,890 shares of the financial services provider’s stock valued at $2,884,000 after acquiring an additional 925 shares during the period. Atomi Financial Group Inc. lifted its stake in JPMorgan Chase & Co. by 2.1% during the third quarter. Atomi Financial Group Inc. now owns 29,645 shares of the financial services provider’s stock worth $4,299,000 after purchasing an additional 599 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,559 shares of the financial services provider’s stock worth $951,000 after buying an additional 713 shares during the period. Mizuho Markets Americas LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth $24,662,000. Finally, Manchester Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 4.0% in the third quarter. Manchester Capital Management LLC now owns 15,163 shares of the financial services provider’s stock valued at $2,199,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JPM. Piper Sandler raised their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, May 21st. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $194.10.

Read Our Latest Stock Report on JPM

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of NYSE:JPM traded up $0.12 during trading on Friday, hitting $193.78. 6,874,029 shares of the company were exchanged, compared to its average volume of 8,653,904. The firm’s 50 day moving average price is $194.90 and its 200-day moving average price is $183.06. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $556.47 billion, a P/E ratio of 11.70, a PEG ratio of 2.61 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. On average, research analysts predict that JPMorgan Chase & Co. will post 16.41 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.64, for a total transaction of $1,062,990.72. Following the completion of the sale, the insider now owns 46,375 shares in the company, valued at $9,304,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The disclosure for this sale can be found here. Insiders have sold 254,485 shares of company stock worth $47,728,528 in the last quarter. 0.79% of the stock is owned by insiders.

About JPMorgan Chase & Co.

(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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.

Further Reading

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

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