Spreng Capital Management Inc. Sells 121 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Spreng Capital Management Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,254 shares of the financial services provider’s stock after selling 121 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.8% of Spreng Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position. Spreng Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $3,256,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors raised its position in shares of JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after acquiring an additional 2,128,478 shares in the last quarter. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $6,016,878,000. Dimensional Fund Advisors LP boosted its stake in JPMorgan Chase & Co. by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock valued at $3,629,757,000 after purchasing an additional 695,502 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock valued at $3,389,329,000 after purchasing an additional 154,426 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 11,849,090 shares of the financial services provider’s stock valued at $2,015,530,000 after purchasing an additional 462,290 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,415 shares of the 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 transaction, the general counsel now owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Lori A. Beer sold 5,298 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares of the company’s stock, valued at $9,304,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 4,415 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the transaction, the general counsel now directly owns 42,124 shares in the company, valued at approximately $8,452,180.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,343 shares of company stock valued at $14,137,789 over the last 90 days. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. UBS Group upped their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Barclays upped their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, 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, May 21st. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.89.

JPMorgan Chase & Co. Trading Down 0.8 %

Shares of JPM stock opened at $208.59 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56. The company has a market capitalization of $599.00 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 2.47 and a beta of 1.12. The business’s fifty day moving average is $202.11 and its 200 day moving average is $191.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the business posted $4.37 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed 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 is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

About JPMorgan Chase & Co.

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.