J. W. Coons Advisors LLC Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

J. W. Coons Advisors LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,052 shares of the financial services provider’s stock after selling 773 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 8th largest position. J. W. Coons Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Weatherly Asset Management L. P. increased its stake in shares of JPMorgan Chase & Co. by 17.9% during the third quarter. Weatherly Asset Management L. P. now owns 13,657 shares of the financial services provider’s stock valued at $2,880,000 after buying an additional 2,069 shares during the period. Farther Finance Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 8.9% during the third quarter. Farther Finance Advisors LLC now owns 43,895 shares of the financial services provider’s stock valued at $9,256,000 after buying an additional 3,604 shares during the period. F M Investments LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the third quarter. F M Investments LLC now owns 102,162 shares of the financial services provider’s stock valued at $21,515,000 after buying an additional 812 shares during the period. Fullcircle Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 6.2% during the third quarter. Fullcircle Wealth LLC now owns 8,766 shares of the financial services provider’s stock valued at $1,977,000 after buying an additional 514 shares during the period. Finally, Invesco LLC increased its stake in shares of JPMorgan Chase & Co. by 1.0% during the third quarter. Invesco LLC now owns 12,473 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 124 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. 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 ninety days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE JPM opened at $251.55 on Thursday. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The stock has a market cap of $703.35 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.83 and a beta of 1.12. The stock’s fifty day moving average price is $259.33 and its 200-day moving average price is $238.02. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JPM. Bank of America boosted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company boosted 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. Truist Financial upped 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. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $251.78.

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.