Cooper Capital Advisors LLC Has $7.46 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Cooper Capital Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,403 shares of the financial services provider’s stock after selling 1,268 shares during the quarter. JPMorgan Chase & Co. makes up approximately 8.0% of Cooper Capital Advisors LLC’s portfolio, making the stock its 4th largest holding. Cooper Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $7,458,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hurlow Wealth Management Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 5,538 shares of the financial services provider’s stock worth $1,328,000 after acquiring an additional 40 shares in the last quarter. Wimmer Associates 1 LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider’s stock worth $986,000 after acquiring an additional 40 shares in the last quarter. Twin Lakes Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider’s stock worth $3,340,000 after acquiring an additional 40 shares in the last quarter. Rockbridge Investment Management LCC raised its holdings in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Rockbridge Investment Management LCC now owns 1,838 shares of the financial services provider’s stock worth $441,000 after acquiring an additional 41 shares in the last quarter. Finally, WorthPointe LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.9% during the 4th quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $286.39 on Wednesday. The stock’s 50-day moving average is $272.45 and its 200 day moving average is $257.02. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. The company has a market cap of $795.90 billion, a P/E ratio of 14.06, a PEG ratio of 2.64 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.88% and a net margin of 21.21%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $6.12 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the sale, the chief financial officer directly owned 18,017 shares of the company’s stock, valued at $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total value of $2,375,000.00. Following the sale, the director directly owned 91,539 shares in the company, valued at approximately $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,200 shares of company stock valued at $18,060,015. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods upgraded JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $327.00 price target on the stock in a report on Wednesday, July 9th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Citigroup set a $275.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Hsbc Global Res lowered JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $284.42.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.