Fairfield Bush & CO. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,394 shares of the financial services provider's stock after selling 1,332 shares during the period. JPMorgan Chase & Co. accounts for about 2.9% of Fairfield Bush & CO.'s investment portfolio, making the stock its 9th largest position. Fairfield Bush & CO.'s holdings in JPMorgan Chase & Co. were worth $4,889,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Tobias Financial Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 12.6% during the 4th quarter. Tobias Financial Advisors Inc. now owns 1,442 shares of the financial services provider's stock valued at $346,000 after purchasing an additional 161 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $2,483,000. Strategic Investment Solutions Inc. IL lifted its position in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,000 shares of the financial services provider's stock worth $437,000 after buying an additional 75 shares during the last quarter. First Commonwealth Financial Corp PA boosted its stake in shares of JPMorgan Chase & Co. by 9.1% during the 4th quarter. First Commonwealth Financial Corp PA now owns 15,542 shares of the financial services provider's stock worth $3,726,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Capital Square LLC increased its holdings in shares of JPMorgan Chase & Co. by 6.3% during the 4th quarter. Capital Square LLC now owns 7,354 shares of the financial services provider's stock valued at $1,948,000 after acquiring an additional 436 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on JPM. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus price target of $255.67.
View Our Latest Report on JPM
JPMorgan Chase & Co. Price Performance
Shares of NYSE:JPM traded up $2.18 on Friday, hitting $231.79. The stock had a trading volume of 9,553,647 shares, compared to its average volume of 9,616,766. The company has a market capitalization of $645.07 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm's 50 day moving average price is $244.72 and its 200-day moving average price is $242.59. JPMorgan Chase & Co. has a twelve month low of $181.41 and a twelve month high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.44 earnings per share. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.42%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value 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 approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,545 shares of company stock worth $19,149,144. 0.79% of the stock is currently owned by insiders.
About JPMorgan Chase & Co.
(
Free Report)
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.
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