JPMorgan Chase & Co. $JPM Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 36,742 shares of the financial services provider’s stock after selling 5,234 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Soltis Investment Advisors LLC’s holdings, making the stock its 17th biggest position. Soltis Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,652,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Washington Trust Bank lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Washington Trust Bank now owns 99,680 shares of the financial services provider’s stock worth $28,898,000 after buying an additional 1,379 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in JPMorgan Chase & Co. by 18.4% in the 2nd quarter. Achmea Investment Management B.V. now owns 439,976 shares of the financial services provider’s stock valued at $127,553,000 after acquiring an additional 68,261 shares during the last quarter. HORAN Wealth LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $8,904,000. SouthState Corp lifted its stake in JPMorgan Chase & Co. by 3.4% in the 2nd quarter. SouthState Corp now owns 167,543 shares of the financial services provider’s stock worth $48,572,000 after purchasing an additional 5,555 shares in the last quarter. Finally, Waverton Investment Management Ltd boosted its holdings in shares of JPMorgan Chase & Co. by 14.8% during the 2nd quarter. Waverton Investment Management Ltd now owns 483,447 shares of the financial services provider’s stock worth $140,086,000 after purchasing an additional 62,416 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total transaction of $301,314.72. Following the sale, the insider owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JPM. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Thursday. Dbs Bank upgraded JPMorgan Chase & Co. to a “hold” rating in a report on Tuesday, October 21st. Wall Street Zen raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Loop Capital set a $310.00 price objective on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.38.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $303.63 on Monday. The stock has a market capitalization of $826.55 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.88. The business has a 50-day moving average of $307.51 and a 200 day moving average of $290.03. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $322.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, October 14th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.24. JPMorgan Chase & Co. had a net margin of 20.90% and a return on equity of 17.18%. The business had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $44.42 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 6th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a $6.00 annualized dividend and a yield of 2.0%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio is 29.72%.

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.