JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Trimmed by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 13.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,626 shares of the financial services provider's stock after selling 22,387 shares during the period. JPMorgan Chase & Co. accounts for about 0.5% of First Citizens Bank & Trust Co.'s holdings, making the stock its 20th biggest position. First Citizens Bank & Trust Co.'s holdings in JPMorgan Chase & Co. were worth $33,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in JPM. Rappaport Reiches Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after purchasing an additional 39 shares during the last quarter. Financial Avengers Inc. boosted its position in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider's stock worth $183,000 after acquiring an additional 43 shares during the last quarter. Matrix Trust Co grew its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider's stock worth $2,440,000 after acquiring an additional 43 shares during the period. One Charles Private Wealth Services LLC raised its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider's stock valued at $2,568,000 after acquiring an additional 44 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,881 shares of the financial services provider's stock worth $691,000 after purchasing an additional 44 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other JPMorgan Chase & Co. 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $268.23 on Friday. The company has a market cap of $755.17 billion, a P/E ratio of 13.59, a PEG ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a one year low of $171.43 and a one year high of $270.68. The business's 50-day simple moving average is $247.08 and its 200 day simple moving average is $227.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.86%. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JPM. Citigroup upped their target price 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 lifted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. 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 report on Friday, January 3rd. Finally, Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of "Hold" and a consensus 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.