JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Triumph Capital Management

Triumph Capital Management reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,694 shares of the financial services provider’s stock after selling 314 shares during the quarter. Triumph Capital Management’s holdings in JPMorgan Chase & Co. were worth $628,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC lifted its position in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Stuart Chaussee & Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $40,000. Macroview Investment Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the period. Rakuten Securities Inc. bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Briaud Financial Planning Inc acquired a new position in JPMorgan Chase & Co. during the third quarter worth about $40,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Finally, Piper Sandler decreased their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Insiders Place Their Bets

In other 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 transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were 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 in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,042,525 shares of company stock valued at $190,961,526 in the last three months. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock opened at $191.80 on Wednesday. The firm has a market cap of $550.79 billion, a PE ratio of 11.58, a P/E/G ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $191.74 and its two-hundred day moving average price is $173.16. JPMorgan Chase & Co. has a twelve month low of $133.13 and a twelve month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, research analysts predict that JPMorgan Chase & Co. will post 15.98 EPS 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. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 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.