Independent Family Office LLC Sells 1,000 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Independent Family Office LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the financial services provider’s stock after selling 1,000 shares during the period. Independent Family Office LLC’s holdings in JPMorgan Chase & Co. were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackDiamond Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 3.0% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 12,080 shares of the financial services provider’s stock valued at $2,896,000 after purchasing an additional 354 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $34,269,000. Edgemoor Investment Advisors Inc. boosted its holdings in JPMorgan Chase & Co. by 5.7% in the fourth quarter. Edgemoor Investment Advisors Inc. now owns 7,176 shares of the financial services provider’s stock worth $1,720,000 after acquiring an additional 389 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $866,000. Finally, Wealth Architects LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Wealth Architects LLC now owns 10,467 shares of the financial services provider’s stock valued at $2,509,000 after acquiring an additional 59 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Keefe, Bruyette & Woods raised their target price 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. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Finally, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,848 shares of company stock valued at $19,987,908. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $250.99 on Wednesday. The firm has a fifty day moving average price of $258.02 and a 200 day moving average price of $239.98. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The stock has a market cap of $701.79 billion, a P/E ratio of 12.71, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.23%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.37%.

About JPMorgan Chase & Co.

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.