JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by LM Advisors LLC

LM Advisors LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,902 shares of the financial services provider's stock after selling 5,251 shares during the period. LM Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lakeshore Capital Group Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth $1,142,000. Heck Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $3,503,000. Leigh Baldwin & CO. LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $690,000. Armis Advisers LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $1,224,000. Finally, Chokshi & Queen Wealth Advisors Inc acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $215,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JPM shares. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Truist Financial set a $270.00 price objective on JPMorgan Chase & Co. in a report on Friday. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $266.65.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, 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 value of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. This represents a 15.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 $4,518,123.09. This represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock worth $23,991,061 in the last quarter. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM traded up $4.41 during midday trading on Tuesday, hitting $265.12. The stock had a trading volume of 7,499,634 shares, compared to its average volume of 9,577,226. The company has a market capitalization of $736.79 billion, a PE ratio of 13.43, 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 stock has a 50 day moving average price of $244.31 and a two-hundred day moving average price of $248.58. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

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 (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for 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%. The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.44 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.'s dividend payout ratio is currently 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.