JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lowered by Hoertkorn Richard Charles

Hoertkorn Richard Charles cut its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,857 shares of the financial services provider's stock after selling 1,325 shares during the period. JPMorgan Chase & Co. accounts for 5.4% of Hoertkorn Richard Charles' portfolio, making the stock its 6th largest holding. Hoertkorn Richard Charles' holdings in JPMorgan Chase & Co. were worth $13,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $34,000. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Collier Financial bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $45,000. Lowe Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after acquiring an additional 51 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares of the company's stock, valued at $12,130,438.84. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,848 shares of company stock valued at $19,987,908. Company insiders own 0.79% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday. Truist Financial increased their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research note on Thursday, January 16th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Evercore ISI decreased their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Ten equities 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, JPMorgan Chase & Co. presently has an average rating of "Moderate Buy" and an average target price of $255.06.

JPMorgan Chase & Co. Trading Up 1.0 %

JPM traded up $2.44 on Wednesday, hitting $246.10. The company had a trading volume of 7,726,552 shares, compared to its average volume of 9,366,502. The business's fifty day simple moving average is $256.88 and its 200 day simple moving average is $241.33. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The company has a market cap of $688.12 billion, a PE ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.37%.

JPMorgan Chase & Co. 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.