Copeland Capital Management LLC Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Copeland Capital Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,809 shares of the financial services provider's stock after selling 10,672 shares during the quarter. Copeland Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $16,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of JPM. Avantra Family Wealth Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $939,000. Spire Wealth Management lifted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Spire Wealth Management now owns 95,060 shares of the financial services provider's stock valued at $22,787,000 after purchasing an additional 911 shares during the last quarter. Bluesphere Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.6% in the 4th quarter. Bluesphere Advisors LLC now owns 6,076 shares of the financial services provider's stock valued at $1,456,000 after purchasing an additional 212 shares during the last quarter. Five Oceans Advisors grew its holdings in shares of JPMorgan Chase & Co. by 3.8% during the 4th quarter. Five Oceans Advisors now owns 7,553 shares of the financial services provider's stock worth $1,811,000 after purchasing an additional 277 shares during the period. Finally, Journey Strategic Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 15.3% during the 4th quarter. Journey Strategic Wealth LLC now owns 20,790 shares of the financial services provider's stock worth $4,984,000 after purchasing an additional 2,762 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JPM. Oppenheimer lowered shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. UBS Group increased their price objective 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. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research report on Friday, January 3rd. Piper Sandler upped their price target 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, Evercore ISI lifted their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $251.78.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm'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 in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 1.8 %

Shares of JPM traded down $4.91 during mid-day trading on Monday, reaching $270.89. The company's stock had a trading volume of 8,623,124 shares, compared to its average volume of 9,703,267. The company's 50 day moving average is $250.08 and its 200 day moving average is $230.67. The stock has a market cap of $762.64 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $172.62 and a 12-month high of $278.55. 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 issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 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.