Elyxium Wealth LLC Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Elyxium Wealth LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 62.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,175 shares of the financial services provider's stock after selling 8,491 shares during the quarter. JPMorgan Chase & Co. makes up about 0.8% of Elyxium Wealth LLC's holdings, making the stock its 26th biggest holding. Elyxium Wealth LLC's holdings in JPMorgan Chase & Co. were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

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

JPMorgan Chase & Co. Trading Up 2.6%

Shares of NYSE JPM traded up $6.59 during trading on Monday, reaching $259.67. The stock had a trading volume of 9,588,204 shares, compared to its average volume of 9,634,185. The business's 50-day moving average price is $238.28 and its 200-day moving average price is $245.82. The company has a market cap of $721.66 billion, a P/E ratio of 13.15, a PEG ratio of 2.83 and a beta of 1.07. 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. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly 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. The company had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.44 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a $1.40 dividend. The ex-dividend date was Friday, April 4th. This is a boost 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 2.16%. JPMorgan Chase & Co.'s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, April 14th. Evercore ISI lowered their price objective 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. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $255.67.

Insider Activity at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares of the company's stock, valued at $13,606,323.93. This represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock valued at $33,095,363 in the last three months. 0.47% of the stock is currently owned by company insiders.

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.