Poehling Capital Management INC. Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

Poehling Capital Management INC. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,558 shares of the financial services provider’s stock after selling 182 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.1% of Poehling Capital Management INC.’s holdings, making the stock its 25th biggest position. Poehling Capital Management INC.’s holdings in JPMorgan Chase & Co. were worth $4,688,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Midwest Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

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 value of $6,175,500.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now directly owns 49,127 shares of the company’s stock, valued at approximately $12,130,438.84. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,594 shares of company stock valued at $23,991,061. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on JPM. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $260.00 to $295.00 and gave the company an “overweight” rating in a research note on Tuesday. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a research note on Monday, April 14th. Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Cowen assumed coverage on JPMorgan Chase & Co. in a research note on Wednesday, May 14th. They issued a “buy” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $266.20.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $261.09 on Thursday. The stock has a fifty day moving average price of $242.84 and a 200 day moving average price of $247.77. The stock has a market cap of $725.60 billion, a PE ratio of 13.23, a P/E/G ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.44 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, July 3rd. This represents a $5.60 annualized dividend and a yield of 2.14%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

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.