CHURCHILL MANAGEMENT Corp Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

CHURCHILL MANAGEMENT Corp cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,049 shares of the financial services provider’s stock after selling 960 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in JPMorgan Chase & Co. were worth $8,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Eagle Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock valued at $4,423,000 after buying an additional 84 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 63 shares in the last quarter. Hardin Capital Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $1,378,000. SYM FINANCIAL Corp increased its holdings in JPMorgan Chase & Co. by 1.2% in the 2nd quarter. SYM FINANCIAL Corp now owns 4,848 shares of the financial services provider’s stock valued at $981,000 after purchasing an additional 59 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new position in JPMorgan Chase & Co. in the second quarter valued at about $5,341,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JPM. Daiwa Capital Markets decreased their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $254.15 on Friday. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $257.04. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $715.53 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 3.16 and a beta of 1.11. The stock has a 50 day moving average of $242.70 and a 200-day moving average of $223.72.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.97%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

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.