JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,796 shares of the financial services provider's stock after selling 2,255 shares during the period. JPMorgan Chase & Co. accounts for approximately 3.7% of Kampmann Melissa S.'s investment portfolio, making the stock its 6th biggest position. Kampmann Melissa S.'s holdings in JPMorgan Chase & Co. were worth $4,745,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Disciplined Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $217,000. LGT Group Foundation boosted its holdings in JPMorgan Chase & Co. by 2.8% in the 4th quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock valued at $126,040,000 after purchasing an additional 14,300 shares during the last quarter. Kinsale Capital Group Inc. boosted its holdings in JPMorgan Chase & Co. by 11.1% in the 4th quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock valued at $10,483,000 after purchasing an additional 4,375 shares during the last quarter. Jag Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 10.5% in the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after buying an additional 140 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after buying an additional 319,730 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

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Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Truist Financial raised their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Barclays upped their target price 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, January 16th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $252.89.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares of the company's stock, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now directly owns 133,381 shares of the company's stock, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 2.1 %

NYSE:JPM traded down $5.16 during midday trading on Friday, reaching $242.97. The company had a trading volume of 11,975,314 shares, compared to its average volume of 9,343,658. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The firm has a market capitalization of $679.36 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock's fifty day simple moving average is $257.55 and its 200-day simple moving average is $240.77.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the company earned $3.04 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 28.37%.

JPMorgan Chase & Co. Company 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.