Sowell Financial Services LLC Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sowell Financial Services LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 72,331 shares of the financial services provider’s stock after selling 2,335 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Sowell Financial Services LLC’s holdings, making the stock its 18th biggest holding. Sowell Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $17,338,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after acquiring an additional 182,648 shares in the last quarter. United Bank boosted its stake in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after acquiring an additional 614 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 14.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 236,760 shares of the financial services provider’s stock worth $49,923,000 after acquiring an additional 30,082 shares in the last quarter. Carrera Capital Advisors boosted its stake in shares of JPMorgan Chase & Co. by 10.4% during the 3rd quarter. Carrera Capital Advisors now owns 4,297 shares of the financial services provider’s stock worth $906,000 after acquiring an additional 406 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Empower Advisory Group LLC now owns 1,012,422 shares of the financial services provider’s stock worth $213,479,000 after acquiring an additional 5,288 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.7 %

Shares of NYSE JPM opened at $234.12 on Tuesday. The company has a 50 day simple moving average of $258.16 and a 200-day simple moving average of $239.04. The company has a market capitalization of $654.64 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 business had revenue of $42.77 billion during the quarter, compared to the consensus estimate 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 was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.04 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JPM. UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

Insider Transactions at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 in the last 90 days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.