JPMorgan Chase & Co. (NYSE:JPM) Position Lowered by LM Advisors LLC

LM Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 34.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,902 shares of the financial services provider’s stock after selling 5,251 shares during the period. LM Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $34,000. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Legacy Investment Solutions LLC acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $45,000. Collier Financial acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $45,000. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 51 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was 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 of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock valued at $19,987,908 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.7 %

Shares of JPM stock opened at $243.58 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The firm has a market cap of $681.06 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a 50 day moving average of $256.88 and a 200-day moving average of $241.33.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the firm earned $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Bank of America raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.83.

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.