JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,827 shares of the financial services provider’s stock after selling 267 shares during the quarter. JPMorgan Chase & Co. comprises 3.8% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 5th largest holding. MeadowBrook Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,273,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK boosted its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Capital Advisors Inc. OK now owns 489,783 shares of the financial services provider’s stock worth $117,406,000 after purchasing an additional 4,533 shares in the last quarter. Indiana Trust & Investment Management Co lifted its position in shares of JPMorgan Chase & Co. by 7.2% in 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 buying an additional 1,975 shares during the last quarter. Community Financial Services Group LLC boosted its stake in shares of 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 acquiring an additional 1,533 shares in the last quarter. Wealth Advisors Northwest LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $485,000. Finally, Signet Investment Advisory Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Signet Investment Advisory Group Inc. now owns 25,481 shares of the financial services provider’s stock valued at $6,108,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the 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 completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock valued at $12,448,445 over the last quarter. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $266.80 on Friday. JPMorgan Chase & Co. has a 1-year low of $178.52 and a 1-year high of $280.25. The firm has a market capitalization of $746.01 billion, a PE ratio of 13.52, a PEG ratio of 2.96 and a beta of 1.12. The business’s 50 day moving average is $255.63 and its 200-day moving average is $234.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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, topping the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during 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%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $3.04 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. 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 (DPR) is currently 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.