JPMorgan Chase & Co. (NYSE:JPM) is Comerica Bank's 8th Largest Position

Comerica Bank reduced its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,204,581 shares of the financial services provider's stock after selling 36,339 shares during the period. JPMorgan Chase & Co. comprises about 1.2% of Comerica Bank's portfolio, making the stock its 8th biggest holding. Comerica Bank's holdings in JPMorgan Chase & Co. were worth $288,750,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider's stock valued at $1,228,110,000 after acquiring an additional 182,648 shares in the last quarter. Invst LLC grew its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Invst LLC now owns 15,033 shares of the financial services provider's stock valued at $3,170,000 after purchasing an additional 204 shares in the last quarter. Passumpsic Savings Bank lifted its position in JPMorgan Chase & Co. by 15.1% during the third quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider's stock worth $2,267,000 after buying an additional 1,407 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in JPMorgan Chase & Co. by 1.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider's stock valued at $4,445,000 after buying an additional 311 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in shares of JPMorgan Chase & Co. by 234.4% in the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider's stock worth $1,524,000 after acquiring an additional 5,065 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,545 shares of company stock worth $19,149,144. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPM stock traded up $5.67 on Friday, reaching $252.56. 7,163,689 shares of the company's stock were exchanged, compared to its average volume of 9,657,095. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average of $239.07 and a 200-day moving average of $244.37. The firm has a market cap of $702.87 billion, a PE ratio of 12.79, a P/E/G ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping 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 firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the firm earned $4.44 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Truist Financial set a $261.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, StockNews.com upgraded JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a report on Monday. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $255.67.

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.