JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,851 shares of the financial services provider's stock after selling 19,500 shares during the period. JPMorgan Chase & Co. accounts for 2.3% of Polaris Capital Management LLC's holdings, making the stock its 8th biggest position. Polaris Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $46,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth $1,888,088,000. Fisher Asset Management LLC boosted its holdings 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 worth $3,539,132,000 after buying an additional 4,043,841 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in JPMorgan Chase & Co. by 137.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock worth $922,760,000 after buying an additional 2,535,590 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in JPMorgan Chase & Co. by 93.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider's stock worth $567,669,000 after buying an additional 1,301,764 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in JPMorgan Chase & Co. by 7.2% during 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 buying an additional 1,016,289 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,326 shares of company stock worth $12,448,445. Insiders own 0.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on JPM shares. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a report on Thursday, November 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Finally, Bank of America increased their price objective 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $251.78.

JPMorgan Chase & Co. Trading Down 0.8 %

JPMorgan Chase & Co. stock traded down $2.02 during midday trading on Friday, hitting $264.78. 5,916,011 shares of the stock were exchanged, compared to its average volume of 9,256,909. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The stock has a market capitalization of $740.35 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.96 and a beta of 1.12. The stock's 50-day simple moving average is $255.63 and its 200 day simple moving average is $234.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period last year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s payout ratio is currently 25.33%.

JPMorgan Chase & Co. 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.