JPMorgan Chase & Co. $JPM is Wittenberg Investment Management Inc.’s 8th Largest Position

Wittenberg Investment Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,220 shares of the financial services provider’s stock after selling 700 shares during the quarter. JPMorgan Chase & Co. makes up about 2.7% of Wittenberg Investment Management Inc.’s investment portfolio, making the stock its 8th biggest position. Wittenberg Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $6,152,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Greykasell Wealth Strategies Inc. increased its stake in JPMorgan Chase & Co. by 2.1% in the second quarter. Greykasell Wealth Strategies Inc. now owns 6,916 shares of the financial services provider’s stock valued at $2,005,000 after purchasing an additional 143 shares during the last quarter. Invenio Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. by 2.9% in the 2nd quarter. Invenio Wealth Partners LLC now owns 3,687 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 105 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.3% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 16,380 shares of the financial services provider’s stock valued at $4,749,000 after acquiring an additional 52 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 58,066 shares of the financial services provider’s stock valued at $16,834,000 after acquiring an additional 2,207 shares during the last quarter. Finally, McDonough Capital Management Inc lifted its holdings in shares of JPMorgan Chase & Co. by 10.9% during the 2nd quarter. McDonough Capital Management Inc now owns 4,830 shares of the financial services provider’s stock worth $1,400,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 966 shares of JPMorgan Chase & Co. stock in a transaction on Friday, November 7th. The shares were 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 $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.47% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $308.09 on Thursday. The company has a market cap of $838.71 billion, a P/E ratio of 15.26, a PEG ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.86. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.25. The business’s 50-day simple moving average is $307.02 and its 200 day simple moving average is $292.56.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 6th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.40. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $339.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $290.00 to $319.00 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a report on Tuesday. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $326.38.

JPMorgan Chase & Co. Company 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.