JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by Hill Island Financial LLC

Hill Island Financial LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,354 shares of the financial services provider’s stock after selling 47 shares during the quarter. Hill Island Financial LLC’s holdings in JPMorgan Chase & Co. were worth $325,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Samalin Investment Counsel LLC raised its stake in JPMorgan Chase & Co. by 4.2% during the fourth quarter. Samalin Investment Counsel LLC now owns 9,029 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 366 shares during the period. Richwood Investment Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 6.2% during the 4th quarter. Richwood Investment Advisors LLC now owns 2,213 shares of the financial services provider’s stock worth $530,000 after purchasing an additional 130 shares during the period. Banco de Sabadell S.A lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Banco de Sabadell S.A now owns 17,972 shares of the financial services provider’s stock worth $4,307,000 after purchasing an additional 87 shares during the last quarter. Blueprint Investment Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 25.7% in the 4th quarter. Blueprint Investment Partners LLC now owns 23,972 shares of the financial services provider’s stock worth $5,746,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Mosley Wealth Management grew its stake in JPMorgan Chase & Co. by 9.0% during the 4th quarter. Mosley Wealth Management now owns 7,500 shares of the financial services provider’s stock worth $1,798,000 after buying an additional 620 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 2.1 %

JPMorgan Chase & Co. stock opened at $242.97 on Friday. The firm has a market cap of $679.36 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The firm’s 50 day moving average price is $257.55 and its two-hundred day moving average price is $240.30. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the firm posted $3.04 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the sale, the insider now owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,848 shares of company stock worth $19,987,908 in the last 90 days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JPM. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $252.89.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.