Farmers Trust Co. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,211 shares of the financial services provider’s stock after selling 214 shares during the period. JPMorgan Chase & Co. makes up approximately 2.9% of Farmers Trust Co.’s holdings, making the stock its 4th largest holding. Farmers Trust Co.’s holdings in JPMorgan Chase & Co. were worth $12,902,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P increased its holdings in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $2,455,000. LSV Asset Management increased its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Price Performance
JPM stock opened at $129.14 on Thursday. The firm has a 50 day moving average price of $137.16 and a 200-day moving average price of $130.01. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The firm has a market capitalization of $380.10 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on JPM shares. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Piper Sandler raised their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Finally, Oppenheimer cut their target price on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research note on Thursday, March 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $149.28.
Insider Activity at JPMorgan Chase & Co.
In related news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,887 shares of company stock valued at $5,315,762. 0.79% of the stock is owned by corporate insiders.
JPMorgan Chase & Co. Profile
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.
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