Parkwood LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Parkwood LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,276 shares of the financial services provider’s stock after selling 854 shares during the period. Parkwood LLC’s holdings in JPMorgan Chase & Co. were worth $6,341,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JPM. Stone House Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares in the last quarter. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $36,000. Stuart Chaussee & Associates Inc. purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 254,485 shares of company stock worth $47,728,528 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.1 %

NYSE JPM traded up $2.08 on Thursday, reaching $193.61. The stock had a trading volume of 8,586,187 shares, compared to its average volume of 9,177,339. The stock has a fifty day moving average price of $194.98 and a two-hundred day moving average price of $182.78. The firm has a market capitalization of $555.98 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 2.69 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $205.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.39 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Wells Fargo & Company upped their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the company a “market perform” rating in a research report on Tuesday, May 21st. 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 report on Tuesday, May 21st. Finally, Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $216.00 to $214.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Profile

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.