JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,380 shares of the financial services provider’s stock after selling 5,124 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Royal Fund Management LLC’s portfolio, making the stock its 7th largest position. Royal Fund Management LLC’s holdings in JPMorgan Chase & Co. were worth $12,294,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $6,016,878,000. Swedbank AB purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $800,130,000. Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after purchasing an additional 3,252,451 shares in the last quarter. Capital International Investors boosted its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in JPMorgan Chase & Co. by 3,836.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock worth $258,377,000 after buying an additional 1,480,379 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,415 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $200.65, for a total transaction of $885,869.75. Following the transaction, the general counsel now directly owns 42,124 shares of the company’s stock, valued at $8,452,180.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, General Counsel Stacey Friedman sold 4,415 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.65, for a total value of $885,869.75. Following the completion of the sale, the general counsel now owns 42,124 shares of the company’s stock, valued at approximately $8,452,180.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares in the company, valued at $9,304,680. The disclosure for this sale can be found here. Insiders have sold a total of 14,799 shares of company stock valued at $2,963,721 over the last 90 days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $213.97 on Friday. The firm has a 50 day moving average of $204.67 and a 200-day moving average of $195.56. 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. has a 12 month low of $135.19 and a 12 month high of $217.56. The firm has a market capitalization of $614.45 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the previous year, the firm earned $4.37 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 5th were given a $1.15 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $4.60 annualized dividend and a yield of 2.15%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

Several equities analysts have weighed in on JPM shares. UBS Group raised their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.71.

About JPMorgan Chase & Co.

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.