JPMorgan Chase & Co. (NYSE:JPM) is Schnieders Capital Management LLC’s 7th Largest Position

Schnieders Capital Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 62,348 shares of the financial services provider’s stock after selling 4,332 shares during the period. JPMorgan Chase & Co. makes up about 3.0% of Schnieders Capital Management LLC’s holdings, making the stock its 7th largest holding. Schnieders Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $14,945,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. James J. Burns & Company LLC increased its holdings in JPMorgan Chase & Co. by 6.3% in the third quarter. James J. Burns & Company LLC now owns 7,357 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 436 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in JPMorgan Chase & Co. by 37.0% in the third quarter. Stoneridge Investment Partners LLC now owns 28,965 shares of the financial services provider’s stock valued at $6,108,000 after buying an additional 7,819 shares during the last quarter. United Advisor Group LLC increased its holdings in JPMorgan Chase & Co. by 27.7% in the third quarter. United Advisor Group LLC now owns 18,399 shares of the financial services provider’s stock valued at $3,880,000 after buying an additional 3,992 shares during the last quarter. Clarity Financial LLC increased its holdings in JPMorgan Chase & Co. by 967.6% in the third quarter. Clarity Financial LLC now owns 69,365 shares of the financial services provider’s stock valued at $14,626,000 after buying an additional 62,868 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. increased its holdings in JPMorgan Chase & Co. by 19.2% in the third quarter. W.H. Cornerstone Investments Inc. now owns 2,404 shares of the financial services provider’s stock valued at $507,000 after buying an additional 388 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Piper Sandler raised their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $215.00 to $220.00 in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $252.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $242.41 on Friday. The firm has a market cap of $677.81 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The firm’s 50-day simple moving average is $259.41 and its 200-day simple moving average is $238.43. 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 1 year low of $179.20 and a 1 year high of $280.25.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,326 shares of company stock valued at $12,448,445. Company 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.