JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by First Heartland Consultants Inc.

First Heartland Consultants Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,395 shares of the financial services provider’s stock after selling 136 shares during the quarter. First Heartland Consultants Inc.’s holdings in JPMorgan Chase & Co. were worth $2,012,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DDD Partners LLC boosted its stake in JPMorgan Chase & Co. by 2.8% during the 4th quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 38 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after buying an additional 38 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.8% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after buying an additional 39 shares during the last quarter. Yoder Wealth Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.8% during the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock worth $344,000 after buying an additional 39 shares during the period. Finally, Almanack Investment Partners LLC. grew its holdings in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock worth $1,233,000 after buying an additional 39 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $265.55 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25. The firm’s 50 day simple moving average is $242.28 and its 200-day simple moving average is $247.67. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $737.99 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping 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 business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same quarter last year, the firm posted $4.44 earnings per share. JPMorgan Chase & Co.’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.11%. JPMorgan Chase & Co.’s payout ratio is presently 27.49%.

Insider Buying and Selling 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 that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,617 shares of company stock valued at $35,600,742 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Bank of America cut their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, April 14th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 target price for the company. KGI Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They set a “hold” rating on the stock. Finally, Evercore ISI reduced their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.20.

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.