Texas Permanent School Fund Corp Has $63.37 Million Stock Holdings in JPMorgan Chase & Co. $JPM

Texas Permanent School Fund Corp decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 31.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,590 shares of the financial services provider’s stock after selling 99,902 shares during the period. JPMorgan Chase & Co. comprises about 0.7% of Texas Permanent School Fund Corp’s holdings, making the stock its 16th largest holding. Texas Permanent School Fund Corp’s holdings in JPMorgan Chase & Co. were worth $63,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock valued at $11,682,000 after purchasing an additional 4,841 shares during the last quarter. Acorns Advisers LLC increased its stake in shares of JPMorgan Chase & Co. by 6.9% in the first quarter. Acorns Advisers LLC now owns 1,547 shares of the financial services provider’s stock valued at $379,000 after buying an additional 100 shares during the period. Waddell & Associates LLC raised its holdings in JPMorgan Chase & Co. by 5.5% in the 1st quarter. Waddell & Associates LLC now owns 11,877 shares of the financial services provider’s stock valued at $2,913,000 after buying an additional 617 shares during the last quarter. KLCM Advisors Inc. boosted its position in JPMorgan Chase & Co. by 8.3% during the 1st quarter. KLCM Advisors Inc. now owns 15,834 shares of the financial services provider’s stock worth $3,884,000 after buying an additional 1,211 shares during the period. Finally, Fox Run Management L.L.C. boosted its position in JPMorgan Chase & Co. by 265.2% during the 1st quarter. Fox Run Management L.L.C. now owns 5,390 shares of the financial services provider’s stock worth $1,322,000 after buying an additional 3,914 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 966 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $311.92, for a total transaction of $301,314.72. Following the transaction, the insider owned 58,479 shares in the company, valued at $18,240,769.68. The trade was a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $320.14 on Tuesday. The firm has a market cap of $871.50 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $306.99 and a 200-day moving average price of $297.25. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $322.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, October 14th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.83 by $0.24. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $44.42 billion. JPMorgan Chase & Co. had a return on equity of 17.18% and a net margin of 20.90%.The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.37 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Tuesday, January 6th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, December 9th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $332.00 to $336.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. Royal Bank Of Canada cut their target price on JPMorgan Chase & Co. from $343.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday. Weiss Ratings reiterated a “buy (b+)” rating on shares of JPMorgan Chase & Co. in a research report on Monday, December 8th. Finally, Daiwa Capital Markets raised their price objective on JPMorgan Chase & Co. from $330.00 to $332.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $327.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.