Trillium Asset Management LLC Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Trillium Asset Management LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,587 shares of the financial services provider’s stock after selling 315 shares during the quarter. Trillium Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Enhancing Capital LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $5,513,000. Xponance Inc. grew its holdings in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Xponance Inc. now owns 417,159 shares of the financial services provider’s stock valued at $99,997,000 after buying an additional 3,608 shares in the last quarter. OPTIMAS CAPITAL Ltd bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $3,356,000. Intech Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 78.0% in the fourth quarter. Intech Investment Management LLC now owns 224,962 shares of the financial services provider’s stock worth $53,926,000 after buying an additional 98,584 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $51,189,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $250.99 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The business’s 50 day simple moving average is $258.02 and its two-hundred day simple moving average is $239.98. The stock has a market capitalization of $701.79 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates 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 was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.04 EPS. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current 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 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 2.23%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at $32,947,774.62. The trade was a 15.78 % decrease in their position. 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.

Analysts Set New Price Targets

JPM has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods increased their price objective on 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 boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Wolfe Research upgraded 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, Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.