JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,938 shares of the financial services provider’s stock after selling 1,718 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.0% of Shorepoint Capital Partners LLC’s holdings, making the stock its 6th biggest holding. Shorepoint Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $13,169,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JPM. Redwood Park Advisors LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $37,000. Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.5 %

Shares of JPM stock opened at $243.47 on Friday. The stock has a 50-day simple moving average of $240.91 and a 200 day simple moving average of $243.82. The stock has a market capitalization of $677.58 billion, a P/E ratio of 12.33, a P/E/G ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a fifty-two week low of $188.46 and a fifty-two week high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the firm posted $4.44 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Shareholders of record on Friday, April 4th will be given a $1.40 dividend. This is a positive change 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 yield of 2.30%. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. UBS Group increased their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. StockNews.com lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, April 14th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Barclays boosted their price target 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $255.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at $32,947,774.62. The trade was a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction on 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. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,545 shares of company stock valued at $19,149,144. Corporate insiders own 0.47% of the company’s stock.

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.