JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,797 shares of the financial services provider’s stock after selling 98,426 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Todd Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Todd Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $60,118,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Old North State Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 17.5% in the 3rd quarter. Old North State Wealth Management LLC now owns 2,680 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 399 shares in the last quarter. Intact Investment Management Inc. grew its stake in JPMorgan Chase & Co. by 7.0% during the 3rd quarter. Intact Investment Management Inc. now owns 50,600 shares of the financial services provider’s stock valued at $10,670,000 after acquiring an additional 3,300 shares in the last quarter. Vestor Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 21.9% in the 3rd quarter. Vestor Capital LLC now owns 151,286 shares of the financial services provider’s stock valued at $31,900,000 after buying an additional 27,200 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares in the last quarter. Finally, Cohen Capital Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Cohen Capital Management Inc. now owns 101,861 shares of the financial services provider’s stock valued at $21,478,000 after buying an additional 760 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $242.41 on Friday. The stock has a market cap of $677.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. The business has a 50 day moving average of $259.41 and a 200-day moving average of $238.26. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on JPM shares. Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Piper Sandler boosted their price objective 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. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $252.89.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.

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.