Sentry Investment Management LLC Has $2.51 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Sentry Investment Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,454 shares of the financial services provider’s stock after selling 2,920 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Sentry Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Sentry Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Prossimo Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Prossimo Advisors LLC now owns 8,740 shares of the financial services provider’s stock valued at $1,843,000 after buying an additional 47 shares during the last quarter. White Pine Investment CO grew its position in shares of JPMorgan Chase & Co. by 1.0% in the 3rd quarter. White Pine Investment CO now owns 37,683 shares of the financial services provider’s stock valued at $7,946,000 after buying an additional 357 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,793,267 shares of the financial services provider’s stock valued at $378,128,000 after buying an additional 14,224 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of JPMorgan Chase & Co. by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 58,861 shares of the financial services provider’s stock valued at $12,411,000 after buying an additional 579 shares during the last quarter. Finally, Latitude Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 2.1% in the 3rd quarter. Latitude Advisors LLC now owns 5,258 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.2 %

Shares of NYSE:JPM opened at $246.12 on Friday. The business’s 50 day simple moving average is $259.38 and its two-hundred day simple moving average is $238.07. The firm has a market cap of $688.17 billion, a P/E ratio of 12.47, a PEG ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Analyst Ratings Changes

JPM has been the topic of a number of analyst reports. UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. 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 report on Thursday, January 16th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Truist Financial upped their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Finally, Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the 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 sale, 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 this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 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.