Brown Shipley& Co Ltd Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Brown Shipley& Co Ltd lessened its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,373 shares of the financial services provider's stock after selling 3,205 shares during the quarter. JPMorgan Chase & Co. makes up approximately 5.6% of Brown Shipley& Co Ltd's portfolio, making the stock its 5th biggest holding. Brown Shipley& Co Ltd's holdings in JPMorgan Chase & Co. were worth $11,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JPM. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $37,000. Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Institutional investors own 71.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. TD Securities increased their price target on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of JPMorgan Chase & Co. from $255.00 to $285.00 and gave the stock an "outperform" rating in a report on Tuesday. Bank of America reduced their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $295.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $235.00 and gave the stock a "neutral" rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $266.20.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,608 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total value of $1,755,811.68. Following the sale, the general counsel now owns 36,520 shares in the company, valued at $9,703,729.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. The trade was a 68.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,594 shares of company stock worth $23,991,061. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.7%

JPM opened at $261.09 on Thursday. 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. The firm's fifty day moving average is $242.84 and its 200 day moving average is $247.77. The stock has a market cap of $725.60 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion for the quarter, compared to analysts' expectations of $43.62 billion. During the same quarter in the previous year, the company earned $4.44 EPS. JPMorgan Chase & Co.'s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 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.

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