JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,344 shares of the financial services provider’s stock after selling 192 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $569,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JPM. Jackson Creek Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 29.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,532 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 1,249 shares during the period. WealthTrust Axiom LLC boosted its holdings in JPMorgan Chase & Co. by 8.0% in the fourth quarter. WealthTrust Axiom LLC now owns 5,616 shares of the financial services provider’s stock worth $955,000 after purchasing an additional 418 shares during the period. Certuity LLC boosted its holdings in JPMorgan Chase & Co. by 5.4% in the fourth quarter. Certuity LLC now owns 74,606 shares of the financial services provider’s stock worth $12,690,000 after purchasing an additional 3,791 shares during the period. Penobscot Investment Management Company Inc. boosted its holdings in JPMorgan Chase & Co. by 3.5% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 118,375 shares of the financial services provider’s stock worth $20,136,000 after purchasing an additional 4,047 shares during the period. Finally, Cozad Asset Management Inc. boosted its holdings in JPMorgan Chase & Co. by 5.0% in the fourth quarter. Cozad Asset Management Inc. now owns 9,298 shares of the financial services provider’s stock worth $1,582,000 after purchasing an additional 446 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on JPM. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $191.96 on Tuesday. The business’s 50-day moving average price is $191.58 and its 200 day moving average price is $172.82. The firm has a market cap of $551.25 billion, a P/E ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

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.