SVB Wealth LLC Sells 62,924 Shares of JPMorgan Chase & Co. $JPM

SVB Wealth LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,632 shares of the financial services provider’s stock after selling 62,924 shares during the period. JPMorgan Chase & Co. comprises approximately 1.8% of SVB Wealth LLC’s portfolio, making the stock its 11th largest position. SVB Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $34,103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in JPMorgan Chase & Co. by 11.0% during the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after buying an additional 4,841 shares during the last quarter. Acorns Advisers LLC grew its holdings in JPMorgan Chase & Co. by 6.9% in the 1st quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 100 shares during the last quarter. Waddell & Associates LLC increased its position in shares of JPMorgan Chase & Co. by 5.5% in the first quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock valued at $2,913,000 after acquiring an additional 617 shares during the period. Elgethun Capital Management increased its position in shares of JPMorgan Chase & Co. by 4.2% in the first quarter. Elgethun Capital Management now owns 4,918 shares of the financial services provider’s stock valued at $1,206,000 after acquiring an additional 198 shares during the period. Finally, Commonwealth Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 5.2% during the first quarter. Commonwealth Financial Services LLC now owns 16,879 shares of the financial services provider’s stock valued at $4,140,000 after acquiring an additional 827 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the sale, the insider directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Down 4.8%

NYSE:JPM opened at $300.23 on Wednesday. JPMorgan Chase & Co. has a one year low of $202.16 and a one year high of $322.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day simple moving average is $306.41 and its 200 day simple moving average is $295.75. The firm has a market capitalization of $817.29 billion, a P/E ratio of 14.87, a PEG ratio of 1.63 and a beta of 1.08.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 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 revenue was up 8.8% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Barclays raised their target price on JPMorgan Chase & Co. from $330.00 to $342.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. DZ Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, October 15th. KGI Securities upped their target price on JPMorgan Chase & Co. from $300.00 to $315.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. The Goldman Sachs Group dropped their price target on JPMorgan Chase & Co. from $355.00 to $354.00 and set a “buy” rating for the company in a research note on Friday, December 5th. Finally, Zacks Research cut shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Fifteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $325.48.

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.