JPMorgan Chase & Co. (NYSE:JPM) Holdings Reduced by Conning Inc.

Conning Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 172,110 shares of the financial services provider’s stock after selling 18,981 shares during the period. JPMorgan Chase & Co. makes up about 1.4% of Conning Inc.’s investment portfolio, making the stock its 4th largest holding. Conning Inc.’s holdings in JPMorgan Chase & Co. were worth $41,256,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JPM. Joel Isaacson & Co. LLC boosted its stake in shares of JPMorgan Chase & Co. by 4.1% in the 4th quarter. Joel Isaacson & Co. LLC now owns 49,504 shares of the financial services provider’s stock worth $11,867,000 after buying an additional 1,945 shares during the last quarter. Clarity Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.8% in the 4th quarter. Clarity Wealth Advisors LLC now owns 33,211 shares of the financial services provider’s stock worth $7,961,000 after buying an additional 578 shares during the last quarter. Northstar Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 71.7% in the 4th quarter. Northstar Group Inc. now owns 5,368 shares of the financial services provider’s stock worth $1,287,000 after buying an additional 2,242 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Shepherd Financial Partners LLC now owns 47,148 shares of the financial services provider’s stock worth $11,302,000 after buying an additional 257 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. BLB&B Advisors LLC now owns 133,603 shares of the financial services provider’s stock worth $32,026,000 after buying an additional 2,820 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Piper Sandler raised their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Barclays raised their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” 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 target price on the stock in a report on Friday, January 3rd. Finally, UBS Group raised 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $251.78.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock opened at $276.61 on Friday. JPMorgan Chase & Co. has a 12-month low of $176.15 and a 12-month high of $279.23. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average price is $253.02 and its 200-day moving average price is $232.62. The stock has a market capitalization of $778.74 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

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 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 firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the firm posted $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

JPMorgan Chase & Co. Company Profile

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.