JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by Ossiam

Ossiam reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 49.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,666 shares of the financial services provider's stock after selling 33,181 shares during the period. Ossiam's holdings in JPMorgan Chase & Co. were worth $8,070,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of JPMorgan Chase & Co. by 49.1% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 597,395 shares of the financial services provider's stock valued at $143,202,000 after purchasing an additional 196,750 shares during the last quarter. BOS Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 2.6% in the fourth quarter. BOS Asset Management LLC now owns 11,726 shares of the financial services provider's stock valued at $2,811,000 after purchasing an additional 295 shares during the period. Capital International Inc. CA grew its position in shares of JPMorgan Chase & Co. by 4.1% in the fourth quarter. Capital International Inc. CA now owns 529,004 shares of the financial services provider's stock valued at $126,808,000 after purchasing an additional 20,951 shares during the period. Capital Research Global Investors raised its holdings in shares of JPMorgan Chase & Co. by 9.1% during the fourth quarter. Capital Research Global Investors now owns 22,841,033 shares of the financial services provider's stock valued at $5,475,223,000 after acquiring an additional 1,914,049 shares during the last quarter. Finally, Coastline Trust Co raised its stake in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Coastline Trust Co now owns 21,002 shares of the financial services provider's stock valued at $5,034,000 after purchasing an additional 228 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Evercore ISI lowered their target price 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. Bank of America decreased their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial set a $261.00 price objective on JPMorgan Chase & Co. in a report on Monday, April 14th. Robert W. Baird raised JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $255.67.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $3.32 on Thursday, hitting $244.20. 4,431,820 shares of the stock traded hands, compared to its average volume of 9,595,225. The company's fifty day moving average is $242.26 and its 200 day moving average is $243.15. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25. The company has a market capitalization of $679.62 billion, a PE ratio of 12.38, a PEG ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the firm earned $4.44 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.29%. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.49%.

Insider Activity

In related news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares of the company's stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,545 shares of company stock valued at $19,149,144. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. 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.