JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Chicago Capital LLC

Chicago Capital LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,724 shares of the financial services provider's stock after selling 3,806 shares during the quarter. Chicago Capital LLC's holdings in JPMorgan Chase & Co. were worth $13,358,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JPM. AMF Tjanstepension AB boosted its holdings in JPMorgan Chase & Co. by 17.2% in the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock valued at $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC raised its position in shares of JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock valued at $702,000 after buying an additional 343 shares during the period. Perfromance Wealth Partners LLC lifted its holdings in JPMorgan Chase & Co. by 6.2% in the third quarter. Perfromance Wealth Partners LLC now owns 165,601 shares of the financial services provider's stock valued at $34,918,000 after acquiring an additional 9,737 shares during the last quarter. Requisite Capital Management LLC grew its position in JPMorgan Chase & Co. by 6.6% in the third quarter. Requisite Capital Management LLC now owns 4,737 shares of the financial services provider's stock worth $999,000 after acquiring an additional 294 shares during the period. Finally, Pinnacle Wealth Management Group Inc. increased its stake in JPMorgan Chase & Co. by 0.6% during the third quarter. Pinnacle Wealth Management Group Inc. now owns 11,252 shares of the financial services provider's stock worth $2,373,000 after acquiring an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Truist Financial boosted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Finally, Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of "Hold" and a consensus target price of $251.78.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 sale, the general counsel now owns 47,620 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.8 %

NYSE:JPM traded down $4.91 during mid-day trading on Monday, hitting $270.89. The stock had a trading volume of 8,623,124 shares, compared to its average volume of 9,703,267. JPMorgan Chase & Co. has a twelve month low of $172.62 and a twelve month high of $278.55. The stock has a 50-day simple moving average of $250.08 and a two-hundred day simple moving average of $230.67. 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 has a market capitalization of $762.64 billion, a PE ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $3.04 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. JPMorgan Chase & Co.'s dividend payout ratio is currently 25.33%.

About JPMorgan Chase & Co.

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.