Sculptor Capital LP Reduces Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sculptor Capital LP lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 486,300 shares of the financial services provider’s stock after selling 50,000 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of Sculptor Capital LP’s investment portfolio, making the stock its 10th biggest holding. Sculptor Capital LP’s holdings in JPMorgan Chase & Co. were worth $98,359,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Marathon Capital Management raised its holdings in shares of JPMorgan Chase & Co. by 1.9% in the 2nd quarter. Marathon Capital Management now owns 21,629 shares of the financial services provider’s stock valued at $4,375,000 after purchasing an additional 401 shares in the last quarter. Matrix Private Capital Group LLC increased its holdings in JPMorgan Chase & Co. by 0.9% during the second quarter. Matrix Private Capital Group LLC now owns 10,268 shares of the financial services provider’s stock valued at $2,077,000 after buying an additional 89 shares during the period. MBB Public Markets I LLC increased its holdings in JPMorgan Chase & Co. by 206.5% during the second quarter. MBB Public Markets I LLC now owns 260,764 shares of the financial services provider’s stock valued at $52,742,000 after buying an additional 175,698 shares during the period. Dark Forest Capital Management LP bought a new position in JPMorgan Chase & Co. in the second quarter worth approximately $780,000. Finally, Daymark Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 2.9% during the second quarter. Daymark Wealth Partners LLC now owns 350,003 shares of the financial services provider’s stock worth $70,792,000 after buying an additional 9,997 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of NYSE:JPM opened at $210.40 on Friday. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market cap of $598.62 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.39 and a beta of 1.12. The business has a 50-day moving average price of $211.47 and a 200-day moving average price of $202.41.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 16.72 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.66%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Piper Sandler increased their price target 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. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Oppenheimer increased their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $211.06.

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.