JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 259,644 shares of the financial services provider's stock after selling 13,277 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Elo Mutual Pension Insurance Co's investment portfolio, making the stock its 11th biggest position. Elo Mutual Pension Insurance Co's holdings in JPMorgan Chase & Co. were worth $62,239,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in JPMorgan Chase & Co. by 3.2% in 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 raised its position in shares of JPMorgan Chase & Co. by 2.5% in the third quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after buying an additional 614 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of JPMorgan Chase & Co. by 62.7% in the third quarter. Edgestream Partners L.P. now owns 9,661 shares of the financial services provider's stock valued at $2,037,000 after buying an additional 3,723 shares during the last quarter. Aureus Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Aureus Asset Management LLC now owns 17,305 shares of the financial services provider's stock valued at $3,649,000 after buying an additional 89 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in JPMorgan Chase & Co. by 425.0% during the third quarter. Benjamin Edwards Inc. now owns 140,556 shares of the financial services provider's stock worth $29,670,000 after acquiring an additional 113,781 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

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JPMorgan Chase & Co. Stock Down 0.7 %

Shares of JPM traded down $1.72 during midday trading on Tuesday, reaching $243.58. 8,048,355 shares of the company were exchanged, compared to its average volume of 9,363,549. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The stock has a 50-day moving average price of $256.88 and a 200-day moving average price of $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. The company has a market cap of $681.06 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 2.83 and a beta of 1.10.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.30%. This is a positive change 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 dividend payout ratio (DPR) is presently 28.37%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of recent analyst reports. Piper Sandler increased 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. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average target price of $254.83.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % 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 worth $19,987,908 in the last quarter. 0.79% of the stock is owned by corporate insiders.

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.