Greenhaven Associates Inc. Sells 25,200 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Greenhaven Associates Inc. decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,795,784 shares of the financial services provider’s stock after selling 25,200 shares during the period. JPMorgan Chase & Co. makes up 11.4% of Greenhaven Associates Inc.’s portfolio, making the stock its 3rd largest holding. Greenhaven Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $643,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HBC Financial Services PLLC lifted its position in JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Grayhawk Investment Strategies Inc. bought a new position in JPMorgan Chase & Co. in the second quarter worth $32,000. Horizons Wealth Management bought a new position in JPMorgan Chase & Co. in the second quarter worth $39,000. New Millennium Group LLC bought a new position in JPMorgan Chase & Co. in the second quarter worth $39,000. Finally, Parkwood LLC lifted its position in JPMorgan Chase & Co. by 7.1% in the second quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 2,885 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of several research reports. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Finally, StockNews.com began coverage on JPMorgan Chase & Co. in a report on Thursday. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.78.

Insider Buying and Selling

In other news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the sale, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 over the last three months. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $125.81 on Friday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The firm has a market cap of $370.30 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The business has a fifty day moving average of $139.06 and a 200-day moving average of $129.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the company earned $3.33 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.