Cowa LLC Sells 68 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cowa LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,461 shares of the financial services provider’s stock after selling 68 shares during the period. Cowa LLC’s holdings in JPMorgan Chase & Co. were worth $590,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JPM. Oak Ridge Investments LLC increased its position in shares of JPMorgan Chase & Co. by 4.2% during the third quarter. Oak Ridge Investments LLC now owns 1,396 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 56 shares during the period. Lincluden Management Ltd. increased its holdings in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Lincluden Management Ltd. now owns 25,411 shares of the financial services provider’s stock valued at $5,358,000 after buying an additional 225 shares during the period. Norris Perne & French LLP MI increased its holdings in JPMorgan Chase & Co. by 17.9% in the 3rd quarter. Norris Perne & French LLP MI now owns 13,026 shares of the financial services provider’s stock valued at $2,747,000 after buying an additional 1,979 shares during the period. Summit Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 5.6% in the 3rd quarter. Summit Wealth Partners LLC now owns 5,623 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 297 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of JPMorgan Chase & Co. by 28.5% during the 3rd quarter. Stephens Inc. AR now owns 367,430 shares of the financial services provider’s stock worth $77,476,000 after acquiring an additional 81,467 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Piper Sandler boosted 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. Bank of America increased 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. Finally, UBS Group boosted their price target on shares of 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 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $249.94 on Wednesday. The company has a market cap of $698.85 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two 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 fifty day moving average price of $259.14 and a 200-day moving average price of $237.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the company posted $3.04 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly 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 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 in the last 90 days. 0.79% of the stock is owned by corporate insiders.

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.