Greenfield Savings Bank reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,266 shares of the financial services provider’s stock after selling 318 shares during the period. JPMorgan Chase & Co. accounts for about 2.2% of Greenfield Savings Bank’s holdings, making the stock its 5th biggest position. Greenfield Savings Bank’s holdings in JPMorgan Chase & Co. were worth $3,388,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in JPM. Premier Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after buying an additional 77 shares during the period. Trellis Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.8% in the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after buying an additional 79 shares during the period. Karpas Strategies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 80 shares during the period. Wulff Hansen & CO. lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock valued at $1,532,000 after buying an additional 80 shares during the period. Finally, Commons Capital LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Commons Capital LLC now owns 10,465 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 82 shares during the period. 67.89% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Down 2.6 %
NYSE:JPM opened at $127.18 on Thursday. The firm has a market capitalization of $374.34 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.95 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average price is $138.45 and its 200 day moving average price is $129.61.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.15%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Wells Fargo & Company raised JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $148.00 to $155.00 in a report on Monday, March 13th. Barclays upped their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $150.78.
Insiders Place Their Bets
In other news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 in the last three months. Insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
Read More
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- What is the Consumer Staples Sector?
- What is a Consumer Staples Index Fund?
- Bitcoin Might Better Than Bitcoin Stocks and ETFs,
- GameStop Shares Surge On Surprise Profit
- Nike, Inc’s Q3 Surprise Isn’t All That Surprising: Is It A Buy?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
