JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,521,986 shares of the financial services provider’s stock after selling 97,104 shares during the period. JPMorgan Chase & Co. accounts for 0.9% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 12th largest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in JPMorgan Chase & Co. were worth $364,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares in the last quarter. United Bank boosted its position in JPMorgan Chase & Co. by 2.5% during the third quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after acquiring an additional 614 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 7.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 32,571 shares of the financial services provider’s stock valued at $6,868,000 after acquiring an additional 2,242 shares during the last quarter. Captrust Financial Advisors lifted its stake in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 734,375 shares of the financial services provider’s stock worth $154,850,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Fred Alger Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 3.6% during the 3rd quarter. Fred Alger Management LLC now owns 111,678 shares of the financial services provider’s stock worth $23,548,000 after purchasing an additional 3,854 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Truist Financial lifted their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

JPMorgan Chase & Co. Price Performance

JPM opened at $242.97 on Monday. The stock’s 50-day moving average price is $257.55 and its 200 day moving average price is $240.77. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The firm has a market cap of $679.36 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 earnings per share. As a group, sell-side analysts expect 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 paid a $1.40 dividend. 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 annualized dividend and a dividend yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is 28.37%.

JPMorgan Chase & Co. Company 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.