JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Eldridge Investment Advisors Inc.

Eldridge Investment Advisors Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,353 shares of the financial services provider’s stock after selling 206 shares during the period. Eldridge Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC raised its stake in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Macroview Investment Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $40,000. Stuart Chaussee & Associates Inc. bought a new position in JPMorgan Chase & Co. during the 4th quarter worth $40,000. Finally, Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter worth $44,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $195.63 on Thursday. JPMorgan Chase & Co. has a 12 month low of $133.13 and a 12 month 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. The stock has a market cap of $561.78 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The business has a fifty day simple moving average of $191.74 and a 200-day simple moving average of $173.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion during 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%. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insiders Place Their Bets

In other news, CEO Mary E. Erdoes sold 15,895 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the transaction, the chief executive officer now directly owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the transaction, the insider now owns 217,351 shares in the company, valued at $42,087,847.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary E. Erdoes sold 15,895 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total transaction of $3,078,225.70. Following the completion of the sale, the chief executive officer now owns 585,898 shares of the company’s stock, valued at $113,465,006.68. The disclosure for this sale can be found here. Insiders sold a total of 1,063,506 shares of company stock worth $195,024,605 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JPM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Piper Sandler cut their price target 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. Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Company 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.