Mcmillion Capital Management Inc. Sells 887 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mcmillion Capital Management Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,063 shares of the financial services provider’s stock after selling 887 shares during the period. JPMorgan Chase & Co. comprises approximately 1.4% of Mcmillion Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Mcmillion Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Karpas Strategies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after acquiring an additional 80 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its stake in JPMorgan Chase & Co. by 3.3% during the second quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,685 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 85 shares during the last quarter. Keb Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. Keb Asset Management LLC now owns 3,485 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 85 shares in the last quarter. Royal Capital Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Royal Capital Wealth Management LLC now owns 19,759 shares of the financial services provider’s stock valued at $2,225,000 after purchasing an additional 87 shares during the last quarter. Finally, Altus Wealth Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Altus Wealth Group LLC now owns 6,281 shares of the financial services provider’s stock valued at $1,028,000 after buying an additional 88 shares in the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

NYSE:JPM opened at $138.45 on Wednesday. The company has a 50-day moving average price of $134.78 and a 200-day moving average price of $123.13. The stock has a market cap of $406.10 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 2.10 and a beta of 1.13. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $159.03.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. During the same period last year, the business posted $3.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Thursday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $153.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $145.00 in a report on Friday, January 6th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $147.89.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 in the last three months. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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