JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,465 shares of the financial services provider's stock after selling 1,854 shares during the period. Kennedy Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $8,501,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of JPM. Geode Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 59,220,603 shares of the financial services provider's stock worth $14,161,171,000 after purchasing an additional 876,417 shares during the period. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $8,310,884,000. Charles Schwab Investment Management Inc. boosted its position in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,103,063 shares of the financial services provider's stock worth $4,818,905,000 after purchasing an additional 71,122 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 3.7% in the fourth quarter. Fisher Asset Management LLC now owns 17,401,436 shares of the financial services provider's stock valued at $4,171,298,000 after buying an additional 617,164 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in JPMorgan Chase & Co. by 7.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider's stock valued at $3,338,955,000 after acquiring an additional 1,016,289 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Truist Financial lowered their target price on JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating on the stock in a report on Monday. Bank of America reduced their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays boosted 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 note on Thursday, January 16th. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $254.11.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM traded down $1.43 during trading on Monday, hitting $234.77. 9,519,584 shares of the company's stock were exchanged, compared to its average volume of 9,654,803. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The stock has a 50 day moving average price of $248.89 and a 200 day moving average price of $242.26. The firm has a market cap of $656.44 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. 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 announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm'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 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.39%. JPMorgan Chase & Co.'s payout ratio is 28.37%.

Insiders Place Their Bets

In other news, insider Robin Leopold sold 1,250 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 in the last 90 days. 0.79% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

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.