Shufro Rose & Co. LLC Has $29.21 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Shufro Rose & Co. LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,869 shares of the financial services provider's stock after selling 2,435 shares during the quarter. JPMorgan Chase & Co. accounts for 2.3% of Shufro Rose & Co. LLC's portfolio, making the stock its 13th biggest holding. Shufro Rose & Co. LLC's holdings in JPMorgan Chase & Co. were worth $29,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JPM. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $37,000. Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,272 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the transaction, the chief operating officer now owns 50,197 shares in the company, valued at approximately $12,400,164.91. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. This represents a 15.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,594 shares of company stock worth $23,991,061. Corporate insiders own 0.47% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada restated an "outperform" rating and issued a $285.00 price objective (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 20th. Robert W. Baird boosted their price objective 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, May 20th. Finally, Truist Financial set a $270.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, May 23rd. Eleven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $266.65.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded up $0.49 during mid-day trading on Thursday, hitting $263.98. 2,587,644 shares of the company's stock were exchanged, compared to its average volume of 9,544,422. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25. The stock's 50-day simple moving average is $245.28 and its 200-day simple moving average is $248.79. The firm has a market cap of $733.63 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion for the quarter, compared to analyst estimates 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 for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $4.44 EPS. On average, equities research analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 annualized dividend and a dividend yield of 2.12%. JPMorgan Chase & Co.'s dividend payout ratio 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.