JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,407 shares of the financial services provider's stock after selling 1,824 shares during the quarter. JPMorgan Chase & Co. comprises about 2.5% of Baxter Bros Inc.'s investment portfolio, making the stock its 13th biggest position. Baxter Bros Inc.'s holdings in JPMorgan Chase & Co. were worth $18,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $45,000. Lowe Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after acquiring an additional 51 shares during the last quarter. Kieckhefer Group LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at $50,000. Finally, Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $45,000. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JPM has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Bank of America reduced their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Truist Financial lifted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $255.06.

Remove Ads

JPMorgan Chase & Co. Stock Up 0.7 %

Shares of NYSE:JPM traded up $1.81 during trading on Wednesday, reaching $245.47. The stock had a trading volume of 4,267,059 shares, compared to its average volume of 10,383,703. The firm's 50-day simple moving average is $256.88 and its 200 day simple moving average is $241.33. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company has a market capitalization of $686.36 billion, a P/E ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.28%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is 28.37%.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company's stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 in the last ninety days. Corporate insiders own 0.79% of the company's stock.

About JPMorgan Chase & Co.

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.