JPMorgan Chase & Co. (NYSE:JPM) Stake Trimmed by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,918 shares of the financial services provider’s stock after selling 643 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 19th largest position. Newman Dignan & Sheerar Inc.’s holdings in JPMorgan Chase & Co. were worth $5,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. during the third quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $27,000. New England Capital Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 50 shares during the period. Peterson Financial Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $45,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $45,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on JPM. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods boosted their target price on 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. Finally, Truist Financial raised their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock 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 firm has a fifty day simple moving average of $256.54 and a 200-day simple moving average of $235.85. The stock has a market capitalization of $729.83 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $41.90 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect 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. Investors 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 yield of 1.92%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % 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 in the last 90 days. 0.79% of the stock is owned by company insiders.

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.