Andrew Hill Investment Advisors Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,593 shares of the financial services provider's stock after selling 2,480 shares during the quarter. JPMorgan Chase & Co. comprises about 4.4% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 4th biggest position. Andrew Hill Investment Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $5,895,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Zuckerman Investment Group LLC boosted its position in shares of JPMorgan Chase & Co. by 1.2% in the fourth quarter. Zuckerman Investment Group LLC now owns 61,301 shares of the financial services provider's stock worth $14,694,000 after buying an additional 728 shares during the period. Redwood Park Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $29,000. Scotia Capital Inc. raised its position in shares of JPMorgan Chase & Co. by 8.7% in the 4th quarter. Scotia Capital Inc. now owns 1,528,994 shares of the financial services provider's stock valued at $366,543,000 after purchasing an additional 122,331 shares in the last quarter. F M Investments LLC boosted its stake in shares of JPMorgan Chase & Co. by 22.2% during the 4th quarter. F M Investments LLC now owns 124,828 shares of the financial services provider's stock valued at $29,923,000 after buying an additional 22,666 shares during the last quarter. Finally, Cutler Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 137.6% during the fourth quarter. Cutler Capital Management LLC now owns 1,188 shares of the financial services provider's stock worth $285,000 after buying an additional 688 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM traded down $0.69 during midday trading on Monday, hitting $235.51. 6,041,850 shares of the company's stock were exchanged, compared to its average volume of 9,632,611. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The firm has a market cap of $658.51 billion, a P/E ratio of 11.93, a PEG ratio of 2.83 and a beta of 1.01. The stock's 50 day moving average price is $248.89 and its 200-day moving average price is $242.26. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.44 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.38%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.
Insiders Place Their Bets
In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on JPM shares. UBS Group increased their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Truist Financial reduced their target price on JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating on the stock in a report on Monday. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.11.
Check Out Our Latest Research Report on JPM
JPMorgan Chase & Co. Company Profile
(
Free Report)
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.
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