Valmark Advisers Inc. Sells 1,657 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Valmark Advisers Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,561 shares of the financial services provider’s stock after selling 1,657 shares during the period. Valmark Advisers Inc.’s holdings in JPMorgan Chase & Co. were worth $9,723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Csenge Advisory Group boosted its holdings in JPMorgan Chase & Co. by 8.1% in the 4th quarter. Csenge Advisory Group now owns 34,713 shares of the financial services provider’s stock worth $8,321,000 after buying an additional 2,604 shares during the period. Copperleaf Capital LLC boosted its holdings in JPMorgan Chase & Co. by 13.7% in the 4th quarter. Copperleaf Capital LLC now owns 1,858 shares of the financial services provider’s stock valued at $445,000 after purchasing an additional 224 shares during the period. Lee Financial Co boosted its holdings in JPMorgan Chase & Co. by 2.1% in the 4th quarter. Lee Financial Co now owns 11,326 shares of the financial services provider’s stock valued at $2,715,000 after purchasing an additional 233 shares during the period. JNBA Financial Advisors boosted its holdings in JPMorgan Chase & Co. by 1.0% in the 4th quarter. JNBA Financial Advisors now owns 8,629 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 86 shares during the period. Finally, Kuhn & Co Investment Counsel boosted its holdings in JPMorgan Chase & Co. by 6.3% in the 4th quarter. Kuhn & Co Investment Counsel now owns 1,355 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 80 shares during the period. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JPM shares. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $257.36 on Wednesday. The firm’s 50-day moving average price is $256.92 and its two-hundred day moving average price is $236.21. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The stock has a market capitalization of $719.61 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.83 and a beta of 1.12. 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 quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated 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 in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is currently 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.