Nixon Peabody Trust Co. Purchases 956 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nixon Peabody Trust Co. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,354 shares of the financial services provider’s stock after buying an additional 956 shares during the period. JPMorgan Chase & Co. makes up approximately 1.7% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its 16th largest position. Nixon Peabody Trust Co.’s holdings in JPMorgan Chase & Co. were worth $20,460,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Midwest Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $43,000. Collier Financial acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $45,000. Lowe Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 51 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $50,000. 71.55% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % 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 ninety days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.3 %

JPMorgan Chase & Co. stock opened at $229.26 on Wednesday. The firm has a market cap of $641.03 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.83 and a beta of 1.10. 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 firm has a 50 day moving average price of $259.05 and a two-hundred day moving average price of $238.78.

JPMorgan Chase & Co. (NYSE:JPM) last announced 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. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. UBS Group lifted 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. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Finally, Piper Sandler increased their price target 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. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.89.

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.