Curbstone Financial Management Corp reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,562 shares of the financial services provider’s stock after selling 700 shares during the quarter. Curbstone Financial Management Corp’s holdings in JPMorgan Chase & Co. were worth $3,739,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cypress Point Wealth Management LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at $25,000. Inspire Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $27,000. Retirement Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $29,000. Intelligence Driven Advisers LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $200,000. Finally, TFO TDC LLC boosted its stake in shares of JPMorgan Chase & Co. by 107.6% during the 4th quarter. TFO TDC LLC now owns 357 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 185 shares in the last quarter. 69.02% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:JPM traded down $1.67 during midday trading on Thursday, hitting $153.26. 329,982 shares of the stock were exchanged, compared to its average volume of 15,497,205. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $82.40 and a 52-week high of $161.69. The business’s fifty day simple moving average is $152.02 and its two-hundred day simple moving average is $126.38. The company has a market capitalization of $467.67 billion, a PE ratio of 20.25, a P/E/G ratio of 2.87 and a beta of 1.23.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Tuesday, April 6th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, April 5th. This represents a $3.60 annualized dividend and a dividend yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is 34.35%.
Several equities research analysts have recently weighed in on JPM shares. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, January 11th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft raised their price objective on JPMorgan Chase & Co. from $142.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, April 1st. Barclays raised their price objective on JPMorgan Chase & Co. from $172.00 to $187.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $138.89.
In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the stock in a transaction on Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. 0.78% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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