JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lessened by BIT Capital GmbH

BIT Capital GmbH reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 53.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,642 shares of the financial services provider’s stock after selling 3,051 shares during the quarter. BIT Capital GmbH’s holdings in JPMorgan Chase & Co. were worth $633,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 182,648 shares in the last quarter. United Bank raised its stake in shares of JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after buying an additional 614 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of JPMorgan Chase & Co. by 62.7% in the third quarter. Edgestream Partners L.P. now owns 9,661 shares of the financial services provider’s stock valued at $2,037,000 after buying an additional 3,723 shares during the period. Aureus Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 0.5% during the third quarter. Aureus Asset Management LLC now owns 17,305 shares of the financial services provider’s stock valued at $3,649,000 after buying an additional 89 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in JPMorgan Chase & Co. by 425.0% during the third quarter. Benjamin Edwards Inc. now owns 140,556 shares of the financial services provider’s stock worth $29,670,000 after acquiring an additional 113,781 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the sale, the chief executive officer now owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This trade represents a 15.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on JPM shares. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $252.89.

JPMorgan Chase & Co. Price Performance

JPM opened at $245.66 on Tuesday. 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. has a 1 year low of $179.20 and a 1 year high of $280.25. The stock has a fifty day moving average price of $257.27 and a 200 day moving average price of $241.05. The stock has a market cap of $686.89 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the business posted $3.04 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts forecast 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 paid a dividend of $1.40 per share. 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 dividend yield of 2.28%. JPMorgan Chase & Co.’s dividend payout ratio is 28.37%.

JPMorgan Chase & Co. 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.