Certuity LLC Sells 3,180 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Certuity LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,456 shares of the financial services provider’s stock after selling 3,180 shares during the quarter. JPMorgan Chase & Co. makes up about 1.2% of Certuity LLC’s investment portfolio, making the stock its 21st biggest position. Certuity LLC’s holdings in JPMorgan Chase & Co. were worth $11,136,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Indiana Trust & Investment Management Co grew its holdings in shares of JPMorgan Chase & Co. by 7.2% during the fourth quarter. Indiana Trust & Investment Management Co now owns 29,523 shares of the financial services provider’s stock worth $7,077,000 after purchasing an additional 1,975 shares during the last quarter. Community Financial Services Group LLC lifted its position in JPMorgan Chase & Co. by 3.3% during the 4th quarter. Community Financial Services Group LLC now owns 47,343 shares of the financial services provider’s stock worth $11,349,000 after buying an additional 1,533 shares in the last quarter. Wealth Advisors Northwest LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $485,000. Signet Investment Advisory Group Inc. grew its holdings in JPMorgan Chase & Co. by 0.3% during the 4th quarter. Signet Investment Advisory Group Inc. now owns 25,481 shares of the financial services provider’s stock worth $6,108,000 after acquiring an additional 86 shares during the last quarter. Finally, Sonata Capital Group Inc. increased its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Sonata Capital Group Inc. now owns 11,096 shares of the financial services provider’s stock valued at $2,660,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JPM shares. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research report on Thursday, November 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. 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. Finally, Piper Sandler upped their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $266.80 on Friday. The firm’s 50 day simple moving average is $255.63 and its 200 day simple moving average is $234.48. JPMorgan Chase & Co. has a fifty-two week low of $178.52 and a fifty-two week high of $280.25. The company has a market capitalization of $746.01 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 2.96 and a beta of 1.12. 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. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $3.04 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed 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 was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

JPMorgan Chase & Co. 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.