BTC Capital Management Inc. Sells 5,273 Shares of JPMorgan Chase & Co. (NYSE:JPM)

BTC Capital Management Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,274 shares of the financial services provider's stock after selling 5,273 shares during the quarter. JPMorgan Chase & Co. accounts for 1.6% of BTC Capital Management Inc.'s investment portfolio, making the stock its 15th largest holding. BTC Capital Management Inc.'s holdings in JPMorgan Chase & Co. were worth $17,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its position in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock worth $12,258,346,000 after purchasing an additional 505,830 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 31.7% in the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock worth $3,539,132,000 after buying an additional 4,043,841 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider's stock valued at $3,180,806,000 after acquiring an additional 302,592 shares in the last quarter. Franklin Resources Inc. increased its position in shares of JPMorgan Chase & Co. by 7.2% during the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after acquiring an additional 1,016,289 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $1,888,088,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Up 2.4 %

JPMorgan Chase & Co. stock opened at $276.82 on Friday. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $276.98. The stock has a fifty day simple moving average of $249.03 and a two-hundred day simple moving average of $229.59. 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 firm has a market cap of $779.34 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.87 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on JPM shares. Citigroup upped their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Truist Financial boosted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Barclays raised 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of "Hold" and an average price target of $251.78.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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