Freedom Together Foundation Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Freedom Together Foundation reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 80.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,855 shares of the financial services provider’s stock after selling 80,000 shares during the period. JPMorgan Chase & Co. accounts for 0.5% of Freedom Together Foundation’s portfolio, making the stock its 6th biggest holding. Freedom Together Foundation’s holdings in JPMorgan Chase & Co. were worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Full Sail Capital LLC lifted its holdings in JPMorgan Chase & Co. by 3.0% during the fourth quarter. Full Sail Capital LLC now owns 4,397 shares of the financial services provider’s stock valued at $1,054,000 after purchasing an additional 126 shares in the last quarter. Fullerton Fund Management Co Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 147.8% during the 4th quarter. Fullerton Fund Management Co Ltd. now owns 881,220 shares of the financial services provider’s stock valued at $211,237,000 after buying an additional 525,631 shares in the last quarter. Ethic Inc. boosted its holdings in JPMorgan Chase & Co. by 65.3% in the 4th quarter. Ethic Inc. now owns 55,349 shares of the financial services provider’s stock worth $13,268,000 after buying an additional 21,874 shares during the period. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $433,000. Finally, Fiduciary Trust Co raised its holdings in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Fiduciary Trust Co now owns 329,292 shares of the financial services provider’s stock valued at $78,935,000 after acquiring an additional 8,362 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on JPM shares. Bank of America dropped their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, April 1st. Finally, StockNews.com downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $255.67.

Insider Activity at JPMorgan Chase & Co.

In other news, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,188 shares of company stock valued at $33,095,363 over the last ninety days. 0.47% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Down 0.1 %

JPM opened at $253.20 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average is $238.28 and its two-hundred day moving average is $245.52. The company has a market capitalization of $704.65 billion, a P/E ratio of 12.83, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same period in the previous year, the company posted $4.44 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a dividend of $1.40 per share. The ex-dividend date was Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.21%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

About JPMorgan Chase & Co.

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.