Stock Yards Bank & Trust Co. Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stock Yards Bank & Trust Co. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 403,016 shares of the financial services provider’s stock after selling 20,311 shares during the period. JPMorgan Chase & Co. accounts for about 2.4% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 6th largest position. Stock Yards Bank & Trust Co.’s holdings in JPMorgan Chase & Co. were worth $68,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in JPM. B.O.S.S. Retirement Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 10.7% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 24,954 shares of the financial services provider’s stock valued at $3,619,000 after buying an additional 2,409 shares during the last quarter. KFG Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 6.0% during the third quarter. KFG Wealth Management LLC now owns 1,631 shares of the financial services provider’s stock valued at $237,000 after buying an additional 93 shares during the last quarter. Nikulski Financial Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Nikulski Financial Inc. now owns 32,189 shares of the financial services provider’s stock valued at $4,668,000 after buying an additional 844 shares during the last quarter. Purus Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 5.0% during the third quarter. Purus Wealth Management LLC now owns 8,101 shares of the financial services provider’s stock valued at $1,175,000 after buying an additional 387 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of JPMorgan Chase & Co. by 2.9% during the third quarter. Exchange Traded Concepts LLC now owns 51,890 shares of the financial services provider’s stock valued at $7,525,000 after buying an additional 1,452 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $193.49 on Monday. The company’s fifty day moving average price is $190.36 and its 200 day moving average price is $170.91. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94. The stock has a market capitalization of $555.72 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Upgrades and Downgrades

Several analysts have commented on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Piper Sandler reduced their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.