JPMorgan Chase & Co. (NYSE:JPM) is Gateway Investment Advisers LLC’s 10th Largest Position

Gateway Investment Advisers LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 702,459 shares of the financial services provider’s stock after selling 322 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Gateway Investment Advisers LLC’s holdings, making the stock its 10th largest holding. Gateway Investment Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $168,386,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $32,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 38.5% during the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.0 %

JPMorgan Chase & Co. stock opened at $259.46 on Friday. The stock has a 50-day moving average price of $243.06 and a 200 day moving average price of $223.93. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $260.62. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

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, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for 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 business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JPM. Truist Financial lifted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

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.