Financial Advisors Network Inc. Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Financial Advisors Network Inc. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,810 shares of the financial services provider’s stock after selling 360 shares during the period. Financial Advisors Network Inc.’s holdings in JPMorgan Chase & Co. were worth $308,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $35,000. Partnership Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $36,000. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $40,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,399 shares of company stock worth $46,713,667. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $2.62 on Friday, hitting $199.54. The company’s stock had a trading volume of 1,329,411 shares, compared to its average volume of 9,235,007. The stock has a 50 day moving average of $194.50 and a 200-day moving average of $177.66. The company has a market capitalization of $573.01 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.68 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $134.40 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.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, research analysts predict that JPMorgan Chase & Co. will post 16.31 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Robert W. Baird upped their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, UBS Group increased their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $194.10.

Read Our Latest Report on JPM

JPMorgan Chase & Co. 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; 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.

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

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