JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 306,563 shares of the financial services provider's stock after buying an additional 11,502 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.8% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 9th largest position. Whittier Trust Co. of Nevada Inc.'s holdings in JPMorgan Chase & Co. were worth $73,486,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. RWQ Financial Management Services Inc. lifted its stake in JPMorgan Chase & Co. by 18.7% during the fourth quarter. RWQ Financial Management Services Inc. now owns 101,369 shares of the financial services provider's stock valued at $24,299,000 after buying an additional 15,952 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Holderness Investments Co. now owns 27,903 shares of the financial services provider's stock valued at $6,689,000 after acquiring an additional 411 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 6.6% during the fourth quarter. HUB Investment Partners LLC now owns 141,533 shares of the financial services provider's stock worth $33,927,000 after acquiring an additional 8,811 shares in the last quarter. Whittier Trust Co. boosted its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Whittier Trust Co. now owns 609,496 shares of the financial services provider's stock valued at $146,102,000 after purchasing an additional 1,823 shares during the last quarter. Finally, BluePointe Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $491,000. Institutional investors own 71.55% of the company's stock.

Remove Ads

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $1.88 during trading on Monday, reaching $240.97. The company had a trading volume of 2,192,209 shares, compared to its average volume of 9,316,132. The business's 50 day moving average price is $257.55 and its 200-day moving average price is $240.77. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. 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 stock has a market cap of $673.79 billion, a PE ratio of 12.20, a PEG ratio of 2.83 and a beta of 1.10.

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 the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 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 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is currently 28.37%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock valued at $19,987,908 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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 raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. 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. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods increased their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.89.

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.