JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by McCarthy & Cox

McCarthy & Cox trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,734 shares of the financial services provider’s stock after selling 289 shares during the period. McCarthy & Cox’s holdings in JPMorgan Chase & Co. were worth $895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Link Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 4.2% in the fourth quarter. True Link Financial Advisors LLC now owns 1,248 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 50 shares in the last quarter. Strong Tower Advisory Services increased its holdings in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Strong Tower Advisory Services now owns 10,560 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 356 shares during the last quarter. Wealth Management Partners LLC raised its position in shares of JPMorgan Chase & Co. by 5.0% during the 4th quarter. Wealth Management Partners LLC now owns 11,818 shares of the financial services provider’s stock valued at $2,833,000 after acquiring an additional 565 shares in the last quarter. M.E. Allison & CO. Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,581,000. Finally, Mechanics Bank Trust Department boosted its holdings in JPMorgan Chase & Co. by 2.5% in the fourth quarter. Mechanics Bank Trust Department now owns 40,000 shares of the financial services provider’s stock worth $9,588,000 after purchasing an additional 976 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the 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 sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

JPM opened at $265.61 on Friday. The business has a 50 day moving average price of $244.81 and a two-hundred day moving average price of $225.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market capitalization of $747.79 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $168.86 and a 1-year high of $266.86.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating 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 analysts’ expectations of $41.90 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.88%. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.