Curbstone Financial Management Corp Sells 700 Shares of JPMorgan Chase & Co. (NYSE:JPM)


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Curbstone Financial Management Corp lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 24,562 shares of the financial services provider’s stock after selling 700 shares during the period. Curbstone Financial Management Corp’s holdings in JPMorgan Chase & Co. were worth $3,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Morgan Stanley raised its position in JPMorgan Chase & Co. by 5.5% in the 4th quarter. Morgan Stanley now owns 39,207,003 shares of the financial services provider’s stock worth $4,982,034,000 after purchasing an additional 2,044,249 shares during the last quarter. FMR LLC raised its position in JPMorgan Chase & Co. by 4.6% in the 4th quarter. FMR LLC now owns 38,458,423 shares of the financial services provider’s stock worth $4,886,911,000 after purchasing an additional 1,691,888 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in JPMorgan Chase & Co. by 22.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,288,837 shares of the financial services provider’s stock worth $3,848,803,000 after purchasing an additional 5,610,076 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $3,501,714,000. Finally, Sanders Capital LLC raised its position in JPMorgan Chase & Co. by 364.4% in the 4th quarter. Sanders Capital LLC now owns 12,191,489 shares of the financial services provider’s stock worth $1,661,572,000 after purchasing an additional 9,566,427 shares during the last quarter. Hedge funds and other institutional investors own 69.02% of the company’s stock.

JPM traded down $1.67 during trading on Thursday, hitting $153.26. The company had a trading volume of 329,982 shares, compared to its average volume of 15,497,205. The company has a market capitalization of $467.67 billion, a PE ratio of 20.25, a PEG ratio of 2.87 and a beta of 1.23. JPMorgan Chase & Co. has a one year low of $82.40 and a one year high of $161.69. The firm’s 50-day moving average price is $152.02 and its 200 day moving average price is $126.38. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Thursday, January 14th. The financial services provider reported $3.79 EPS for the quarter, beating the consensus estimate of $2.62 by $1.17. The business had revenue of $29.22 billion for the quarter, compared to analysts’ expectations of $28.74 billion. JPMorgan Chase & Co. had a net margin of 19.16% and a return on equity of 10.85%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 7.83 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Tuesday, April 6th will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, April 5th. This represents a $3.60 annualized dividend and a yield of 2.35%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 22,011 shares of the business’s stock in a transaction dated Friday, January 29th. The shares were sold at an average price of $129.84, for a total transaction of $2,857,908.24. Insiders own 0.78% of the company’s stock.

A number of analysts have commented on the stock. Credit Suisse Group lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Monday, March 29th. DA Davidson lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, January 19th. Seaport Global Securities lifted their target price on shares of JPMorgan Chase & Co. from $140.00 to $157.00 in a report on Tuesday, January 19th. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, January 11th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $135.00 to $150.00 and gave the stock a “market perform” rating in a report on Monday, January 18th. Two 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 currently has an average rating of “Buy” and a consensus target price of $138.89.

JPMorgan Chase & Co. Company 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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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