MSA Advisors LLC Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

MSA Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,350 shares of the financial services provider's stock after selling 6,050 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.6% of MSA Advisors LLC's portfolio, making the stock its 12th biggest holding. MSA Advisors LLC's holdings in JPMorgan Chase & Co. were worth $6,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Homestead Advisers Corp boosted its stake in JPMorgan Chase & Co. by 1.7% in the 4th quarter. Homestead Advisers Corp now owns 804,036 shares of the financial services provider's stock worth $192,735,000 after purchasing an additional 13,400 shares during the period. AssuredPartners Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $6,854,000. NEOS Investment Management LLC grew its stake in JPMorgan Chase & Co. by 24.2% during the fourth quarter. NEOS Investment Management LLC now owns 152,130 shares of the financial services provider's stock valued at $36,467,000 after acquiring an additional 29,668 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in JPMorgan Chase & Co. by 15.2% during the 4th quarter. UniSuper Management Pty Ltd now owns 1,720,281 shares of the financial services provider's stock worth $412,369,000 after acquiring an additional 226,805 shares during the period. Finally, Moment Partners LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at $1,868,000. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company's 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 completion of the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,848 shares of company stock worth $19,987,908 in the last 90 days. Company insiders own 0.79% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Truist Financial dropped their price target on JPMorgan Chase & Co. from $268.00 to $264.00 and set a "hold" rating for the company in a research report on Friday. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Finally, UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $254.83.

JPMorgan Chase & Co. Trading Down 8.1 %

JPM stock traded down $18.60 during midday trading on Friday, hitting $210.09. The company had a trading volume of 27,144,537 shares, compared to its average volume of 9,480,903. The stock has a market cap of $587.43 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. 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 50 day moving average price is $254.71 and its 200 day moving average price is $241.51.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. 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. This represents a $5.60 annualized dividend and a dividend yield of 2.67%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 28.37%.

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.