Mcdonald Capital Investors Inc. CA Sells 3,405 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mcdonald Capital Investors Inc. CA decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 238,100 shares of the financial services provider’s stock after selling 3,405 shares during the period. JPMorgan Chase & Co. comprises approximately 3.6% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 12th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in JPMorgan Chase & Co. were worth $57,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the last quarter. United Bank raised its holdings in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after acquiring an additional 614 shares in the last quarter. Intellectus Partners LLC lifted its stake in JPMorgan Chase & Co. by 2.6% in the third quarter. Intellectus Partners LLC now owns 19,767 shares of the financial services provider’s stock worth $4,168,000 after acquiring an additional 500 shares during the period. CIBC Asset Management Inc boosted its holdings in JPMorgan Chase & Co. by 6.3% in the third quarter. CIBC Asset Management Inc now owns 498,375 shares of the financial services provider’s stock valued at $105,012,000 after acquiring an additional 29,470 shares in the last quarter. Finally, First Business Financial Services Inc. boosted its holdings in JPMorgan Chase & Co. by 2.4% in the third quarter. First Business Financial Services Inc. now owns 30,907 shares of the financial services provider’s stock valued at $6,517,000 after acquiring an additional 712 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Truist Financial upped their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Bank of America raised their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock valued at $12,448,445 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.8 %

Shares of NYSE JPM opened at $239.21 on Thursday. The firm’s 50 day moving average price is $257.92 and its 200-day moving average price is $239.11. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $668.84 billion, a PE ratio of 12.12, a P/E/G ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the previous year, the business earned $3.04 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts expect 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. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.