L & S Advisors Inc Reduces Stake in JPMorgan Chase & Co. (NYSE:JPM)

L & S Advisors Inc lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 29.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,729 shares of the financial services provider's stock after selling 19,844 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of L & S Advisors Inc's portfolio, making the stock its 14th biggest position. L & S Advisors Inc's holdings in JPMorgan Chase & Co. were worth $11,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after buying an additional 182,648 shares during the last quarter. United Bank increased its position in JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider's stock valued at $5,346,000 after purchasing an additional 614 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 13.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 42,511 shares of the financial services provider's stock worth $8,964,000 after purchasing an additional 5,152 shares during the period. Motley Fool Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Motley Fool Asset Management LLC now owns 114,500 shares of the financial services provider's stock worth $23,706,000 after purchasing an additional 3,009 shares during the period. Finally, Morse Asset Management Inc increased its position in shares of JPMorgan Chase & Co. by 236.5% during the third quarter. Morse Asset Management Inc now owns 7,271 shares of the financial services provider's stock worth $1,533,000 after buying an additional 5,110 shares during the period. Institutional investors own 71.55% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on JPM shares. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research report on Friday, March 7th. UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and an average price target of $255.06.

Insider Activity at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 over the last ninety days. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Down 7.0 %

JPM traded down $17.23 during midday trading on Thursday, reaching $228.60. 17,164,458 shares of the company were exchanged, compared to its average volume of 9,398,057. The company has a market cap of $639.18 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The company's fifty day moving average price is $256.54 and its 200 day moving average price is $241.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue was up 10.9% compared to the same quarter last year. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 annualized dividend and a dividend yield of 2.45%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.

JPMorgan Chase & Co. 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.