Stock Yards Bank & Trust Co. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 378,841 shares of the financial services provider's stock after selling 48,464 shares during the quarter. JPMorgan Chase & Co. makes up about 3.1% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 3rd biggest holding. Stock Yards Bank & Trust Co.'s holdings in JPMorgan Chase & Co. were worth $90,812,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 0.9% in the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider's stock worth $12,258,346,000 after acquiring an additional 505,830 shares during the period. Fisher Asset Management LLC increased its position in shares of 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 buying an additional 4,043,841 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 worth $3,180,806,000 after buying an additional 302,592 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 buying an additional 1,016,289 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $1,888,088,000. Hedge funds and other institutional investors own 71.55% of the company's stock.
Insider Buying and Selling at JPMorgan Chase & Co.
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 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 SEC, which is available through this link. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Price Performance
Shares of JPM stock traded down $4.91 on Monday, hitting $270.89. 8,623,124 shares of the stock traded hands, compared to its average volume of 9,703,267. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 52 week low of $172.62 and a 52 week high of $278.55. The firm has a 50 day simple moving average of $250.08 and a two-hundred day simple moving average of $230.67. The firm has a market cap of $762.64 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently announced 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. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.85%. JPMorgan Chase & Co.'s dividend payout ratio is 25.33%.
Analyst Upgrades and Downgrades
JPM has been the subject of several recent research reports. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Oppenheimer downgraded JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a report on Wednesday, November 20th. Truist Financial increased their price target on shares of 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 downgraded JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Finally, Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given 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.
Read Our Latest Report on JPM
JPMorgan Chase & Co. Profile
(
Free Report)
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.
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