B & T Capital Management DBA Alpha Capital Management Sells 1,356 Shares of JPMorgan Chase & Co. (NYSE:JPM)

B & T Capital Management DBA Alpha Capital Management lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,980 shares of the financial services provider's stock after selling 1,356 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.9% of B & T Capital Management DBA Alpha Capital Management's holdings, making the stock its 14th biggest position. B & T Capital Management DBA Alpha Capital Management's holdings in JPMorgan Chase & Co. were worth $10,303,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Geode Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock valued at $12,258,346,000 after buying an additional 505,830 shares during the last quarter. Fisher Asset Management LLC raised its position in JPMorgan Chase & Co. by 31.7% during the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock valued at $3,539,132,000 after acquiring an additional 4,043,841 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JPMorgan Chase & Co. by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider's stock valued at $3,180,806,000 after acquiring an additional 302,592 shares during the last quarter. Franklin Resources Inc. grew its position in JPMorgan Chase & Co. by 7.2% in the third quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock worth $3,338,955,000 after acquiring an additional 1,016,289 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth $1,888,088,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $5.19 during trading hours on Monday, hitting $259.46. The stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. The company has a 50-day moving average of $243.50 and a two-hundred day moving average of $224.52. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $260.62. The company has a market cap of $730.47 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating 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 return on equity of 16.71% and a net margin of 19.64%. JPMorgan Chase & Co.'s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.46 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is 27.82%.

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 completion of 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 Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Finally, Barclays lifted their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.