Oregon Public Employees Retirement Fund Sells 2,114 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Oregon Public Employees Retirement Fund trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,360 shares of the financial services provider’s stock after selling 2,114 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 13th biggest holding. Oregon Public Employees Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $57,856,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. James J. Burns & Company LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.3% in the 3rd quarter. James J. Burns & Company LLC now owns 7,357 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 436 shares during the period. Stoneridge Investment Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 37.0% during the third quarter. Stoneridge Investment Partners LLC now owns 28,965 shares of the financial services provider’s stock worth $6,108,000 after acquiring an additional 7,819 shares in the last quarter. United Advisor Group LLC raised its position in shares of 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 worth $3,880,000 after buying an additional 3,992 shares in the last quarter. Clarity Financial LLC increased its stake 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 acquiring an additional 62,868 shares during the last quarter. Finally, W.H. Cornerstone Investments Inc. increased its stake 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 acquiring an additional 388 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares of the company’s stock, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,326 shares of company stock valued at $12,448,445. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $242.41 on Friday. The company has a market capitalization of $677.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The firm’s 50-day moving average is $259.41 and its 200 day moving average is $238.43. 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 issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for 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%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JPM. Piper Sandler raised their price objective 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. UBS Group lifted their target price 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. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $215.00 to $220.00 in a research report on Friday. Finally, Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $252.89.

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.