JPMorgan Chase & Co. (NYSE:JPM) Position Cut by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,227 shares of the financial services provider’s stock after selling 2,424 shares during the quarter. JPMorgan Chase & Co. comprises 5.8% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 3rd biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $26,064,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $1,017,893,000. Wellington Management Group LLP grew its stake in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $253,076,000. Cerity Partners LLC lifted its stake in shares of JPMorgan Chase & Co. by 155.2% during the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after acquiring an additional 1,366,360 shares during the last quarter. Finally, Comerica Bank boosted its holdings in JPMorgan Chase & Co. by 3,025.7% during the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after acquiring an additional 1,226,905 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last ninety days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $191.86 on Thursday. The firm’s fifty day simple moving average is $191.10 and its two-hundred day simple moving average is $171.70. The firm has a market capitalization of $551.04 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.42 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Ratings Changes

Several analysts have recently weighed in on JPM shares. Bank of America lifted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Piper Sandler reduced their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.