Guyasuta Investment Advisors Inc. Sells 3,148 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Guyasuta Investment Advisors Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,947 shares of the financial services provider’s stock after selling 3,148 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $9,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Hickory Asset Management Inc. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $515,000. Aveo Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 33.0% during the fourth quarter. Aveo Capital Partners LLC now owns 7,010 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 1,740 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.4% during the fourth quarter. WealthPlan Investment Management LLC now owns 30,027 shares of the financial services provider’s stock worth $7,198,000 after purchasing an additional 706 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $314,000. Finally, BXM Wealth LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,366,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were 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 $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on JPM. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $261.02 on Tuesday. 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 company has a 50-day moving average price of $256.54 and a 200-day moving average price of $235.85. The company has a market cap of $729.83 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate 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 revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS 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 paid 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 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

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.