JPMorgan Chase & Co. (NYSE:JPM) is Ashburton Jersey Ltd's 8th Largest Position

Ashburton Jersey Ltd trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 60.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,377 shares of the financial services provider's stock after selling 52,578 shares during the period. JPMorgan Chase & Co. makes up approximately 3.6% of Ashburton Jersey Ltd's holdings, making the stock its 8th biggest holding. Ashburton Jersey Ltd's holdings in JPMorgan Chase & Co. were worth $8,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Principal Financial Group Inc. increased its position in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the last quarter. United Bank boosted its stake in JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock worth $5,346,000 after buying an additional 614 shares during the period. Legacy Investment Solutions LLC purchased a new position in JPMorgan Chase & Co. during the third quarter worth $45,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $6,549,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of JPMorgan Chase & Co. by 5.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,174,598 shares of the financial services provider's stock valued at $247,676,000 after acquiring an additional 58,574 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 over the last quarter. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 3.2 %

Shares of JPM traded up $7.22 during mid-day trading on Friday, hitting $234.33. The company's stock had a trading volume of 9,661,125 shares, compared to its average volume of 9,693,596. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company's 50-day moving average is $249.53 and its 200-day moving average is $241.85. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The firm has a market capitalization of $655.20 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.57 by $0.50. 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%. JPMorgan Chase & Co.'s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.44 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.39%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

Analysts Set New Price Targets

Several equities analysts recently commented on JPM shares. Truist Financial cut their price target on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating on the stock in a report on Friday, April 4th. UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Bank of America reduced their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average price target of $254.83.

JPMorgan Chase & Co. Company 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.