JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Family Legacy Inc.

Family Legacy Inc. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,425 shares of the financial services provider’s stock after selling 660 shares during the quarter. JPMorgan Chase & Co. makes up about 2.6% of Family Legacy Inc.’s investment portfolio, making the stock its 3rd largest position. Family Legacy Inc.’s holdings in JPMorgan Chase & Co. were worth $7,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Collier Financial bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $45,000. Finally, Lowe Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 34.0% in the 4th 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 in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $210.09 on Friday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve 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 company has a market cap of $587.43 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The business’s fifty day moving average is $254.71 and its 200-day moving average is $241.29.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm 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 company’s 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. Equities research analysts forecast 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. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Insiders Place Their Bets

In related news, 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 transaction of $308,650.00. Following the sale, the insider now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,848 shares of company stock worth $19,987,908. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating for the company in a report on Friday. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Wolfe Research raised 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. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Finally, Bank of America lowered their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.83.

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.