Naples Global Advisors LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Naples Global Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,675 shares of the financial services provider’s stock after selling 440 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.5% of Naples Global Advisors LLC’s holdings, making the stock its 9th biggest holding. Naples Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $15,983,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in JPMorgan Chase & Co. by 2,038.0% during the 4th quarter. Van ECK Associates Corp now owns 39,596 shares of the financial services provider’s stock worth $9,492,000 after acquiring an additional 37,744 shares during the last quarter. MontVue Capital Management Inc. grew its holdings in JPMorgan Chase & Co. by 35.5% during the 4th quarter. MontVue Capital Management Inc. now owns 1,541 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 404 shares during the last quarter. Avion Wealth grew its holdings in JPMorgan Chase & Co. by 91.0% during the 4th quarter. Avion Wealth now owns 1,310 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 624 shares during the last quarter. GEM Asset Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $217,000. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 19,919 shares of the financial services provider’s stock valued at $4,775,000 after purchasing an additional 228 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.0 %

JPMorgan Chase & Co. stock opened at $264.14 on Friday. 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 firm has a market capitalization of $738.56 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.96 and a beta of 1.12. The company’s 50 day simple moving average is $256.12 and its 200 day simple moving average is $234.96. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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 for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $3.04 EPS. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Insiders Place Their Bets

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The shares were 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 $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,326 shares of company stock worth $12,448,445. Company insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JPM shares. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. 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 note on Thursday, November 7th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $251.78.

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.