Public Employees Retirement Association of Colorado Sells 39,316 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Public Employees Retirement Association of Colorado cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,479,653 shares of the financial services provider’s stock after selling 39,316 shares during the quarter. JPMorgan Chase & Co. accounts for 1.3% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 12th largest position. Public Employees Retirement Association of Colorado’s holdings in JPMorgan Chase & Co. were worth $296,374,000 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 the business. Ceeto Capital Group LLC grew its stake in JPMorgan Chase & Co. by 0.6% during the first quarter. Ceeto Capital Group LLC now owns 19,263 shares of the financial services provider’s stock worth $3,858,000 after buying an additional 107 shares in the last quarter. Manhattan West Asset Management LLC increased its stake in JPMorgan Chase & Co. by 12.8% in the first quarter. Manhattan West Asset Management LLC now owns 36,893 shares of the financial services provider’s stock valued at $7,390,000 after acquiring an additional 4,188 shares during the last quarter. Fairview Capital Investment Management LLC increased its stake in JPMorgan Chase & Co. by 10.0% in the first quarter. Fairview Capital Investment Management LLC now owns 5,948 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 539 shares during the last quarter. BOKF NA raised its position in JPMorgan Chase & Co. by 16.2% during the first quarter. BOKF NA now owns 303,709 shares of the financial services provider’s stock valued at $60,420,000 after purchasing an additional 42,316 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7.0% in the 1st quarter. Kestra Advisory Services LLC now owns 517,671 shares of the financial services provider’s stock valued at $103,690,000 after purchasing an additional 33,858 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JPM. UBS Group boosted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $214.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.89.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, insider Robin Leopold sold 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $198.86, for a total transaction of $596,580.00. Following the transaction, the insider now directly owns 44,113 shares in the company, valued at approximately $8,772,311.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares of the company’s stock, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Insiders sold a total of 72,343 shares of company stock worth $14,137,789 over the last three months. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Down 0.7 %

Shares of JPM opened at $210.85 on Tuesday. The stock’s 50-day moving average price is $202.69 and its two-hundred day moving average price is $192.18. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $217.56. The company has a market capitalization of $605.49 billion, a PE ratio of 11.76, a PEG ratio of 2.49 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the firm earned $4.37 earnings per share. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.67 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.66%.

JPMorgan Chase & Co. 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.