Bedel Financial Consulting Inc. Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

Bedel Financial Consulting Inc. reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,844 shares of the financial services provider’s stock after selling 231 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Bedel Financial Consulting Inc.’s investment portfolio, making the stock its 13th largest holding. Bedel Financial Consulting Inc.’s holdings in JPMorgan Chase & Co. were worth $7,394,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JPM. Principal Financial Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after acquiring an additional 182,648 shares during the period. United Bank lifted its stake in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after acquiring an additional 614 shares during the period. Crumly & Associates Inc. lifted its stake in shares of JPMorgan Chase & Co. by 2.2% in the 3rd quarter. Crumly & Associates Inc. now owns 5,956 shares of the financial services provider’s stock worth $1,256,000 after acquiring an additional 131 shares during the period. Pegasus Partners Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Pegasus Partners Ltd. now owns 17,388 shares of the financial services provider’s stock worth $3,666,000 after acquiring an additional 51 shares during the period. Finally, Townsend & Associates Inc lifted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Townsend & Associates Inc now owns 15,656 shares of the financial services provider’s stock worth $3,498,000 after acquiring an additional 167 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction 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 transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % 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 worth $12,448,445 over the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $224.32 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap of $627.21 billion, a P/E ratio of 11.36, a PEG ratio of 2.83 and a beta of 1.10. The company has a 50-day moving average of $258.50 and a two-hundred day moving average of $238.60. 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 earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 earnings per share. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on JPM. Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Truist Financial raised 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 note on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

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.