First Bank & Trust Sells 1,547 Shares of JPMorgan Chase & Co. (NYSE:JPM)

First Bank & Trust reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,319 shares of the financial services provider’s stock after selling 1,547 shares during the quarter. First Bank & Trust’s holdings in JPMorgan Chase & Co. were worth $2,266,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JPM. Macroview Investment Management LLC boosted its position 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 buying an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $40,000. FSC Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 290.9% during the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after buying an additional 288 shares during the period. Legacy Financial Group LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $58,000. Finally, Robbins Farley boosted its position in shares of JPMorgan Chase & Co. by 29.5% during the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after buying an additional 96 shares during the period. 68.94% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total value of $716,340.80. Following the transaction, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total value of $716,340.80. Following the transaction, the insider now directly owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares in the company, valued at $34,256,512.53. The disclosure for this sale can be found here. Insiders have sold a total of 845,383 shares of company stock valued at $154,341,636 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $196.70 on Friday. The business’s fifty day simple moving average is $179.95 and its 200-day simple moving average is $162.05. The company has a market cap of $566.57 billion, a PE ratio of 12.13, a PEG ratio of 2.47 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12-month low of $123.11 and a 12-month high of $200.48.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.57 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 15.9 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.34%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.36%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on JPM shares. Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Barclays boosted their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler boosted their price target on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.63.

Check Out Our Latest Analysis on JPM

JPMorgan Chase & Co. Profile

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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