M Holdings Securities Inc. Lowers Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

M Holdings Securities Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 77.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,191 shares of the financial services provider’s stock after selling 20,670 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of M Holdings Securities Inc.’s holdings, making the stock its 12th largest holding. M Holdings Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $1,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. Collier Financial purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $45,000. Lowe Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 34.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 51 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $50,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $45,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.89.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $242.97 on Friday. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The company has a market capitalization of $679.36 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock’s fifty day moving average is $257.55 and its two-hundred day moving average is $240.30. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the business posted $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This trade represents a 15.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,848 shares of company stock valued at $19,987,908. Corporate insiders own 0.79% of the company’s stock.

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.