JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by First American Trust FSB

First American Trust FSB reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,427 shares of the financial services provider's stock after selling 36,415 shares during the period. JPMorgan Chase & Co. comprises 1.7% of First American Trust FSB's portfolio, making the stock its 12th largest position. First American Trust FSB's holdings in JPMorgan Chase & Co. were worth $16,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. M.D. Sass LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $30,755,000. WorthPointe LLC increased its holdings in JPMorgan Chase & Co. by 2.9% during the 4th quarter. WorthPointe LLC now owns 1,546 shares of the financial services provider's stock worth $371,000 after purchasing an additional 43 shares during the last quarter. Heritage Wealth Management Inc. CA raised its position in shares of JPMorgan Chase & Co. by 151.6% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 1,716 shares of the financial services provider's stock valued at $411,000 after purchasing an additional 1,034 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in shares of JPMorgan Chase & Co. by 16.9% during the 4th quarter. Zions Bancorporation N.A. now owns 13,041 shares of the financial services provider's stock valued at $3,126,000 after buying an additional 1,884 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.8% during the 4th quarter. Ashton Thomas Securities LLC now owns 8,367 shares of the financial services provider's stock valued at $2,003,000 after buying an additional 1,012 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $1.81 during midday trading on Wednesday, reaching $245.47. 4,267,059 shares of the stock traded hands, compared to its average volume of 10,383,703. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. 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 $686.36 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10. The firm has a fifty day moving average price of $256.88 and a two-hundred day moving average price of $241.33.

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 (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 business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America cut 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 note on Wednesday. Piper Sandler lifted 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, Robert W. Baird upgraded 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. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $255.06.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,848 shares of company stock valued at $19,987,908. Company 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.