Villere ST Denis J & Co. LLC Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Villere ST Denis J & Co. LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,662 shares of the financial services provider’s stock after selling 8,177 shares during the quarter. JPMorgan Chase & Co. makes up approximately 4.7% of Villere ST Denis J & Co. LLC’s holdings, making the stock its biggest holding. Villere ST Denis J & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $51,936,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its stake in shares of JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC grew its holdings in JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 343 shares during the last quarter. Mcdaniel Terry & Co. increased its position in JPMorgan Chase & Co. by 7.8% in the 3rd quarter. Mcdaniel Terry & Co. now owns 6,209 shares of the financial services provider’s stock valued at $1,309,000 after acquiring an additional 450 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 3.5% in the third quarter. Global Trust Asset Management LLC now owns 10,029 shares of the financial services provider’s stock worth $2,115,000 after acquiring an additional 341 shares during the last quarter. Finally, DT Investment Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. DT Investment Partners LLC now owns 42,670 shares of the financial services provider’s stock worth $8,997,000 after acquiring an additional 332 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of NYSE JPM opened at $261.02 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The stock has a market cap of $729.83 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.83 and a beta of 1.12. The firm has a 50 day moving average price of $256.54 and a 200 day moving average price of $235.85.

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 the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 EPS. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JPM. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays upped their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target 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. Finally, Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value 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. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. 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 90 days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Company 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.