JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by GTS Securities LLC

GTS Securities LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 78.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,128 shares of the financial services provider’s stock after selling 68,071 shares during the period. GTS Securities LLC’s holdings in JPMorgan Chase & Co. were worth $4,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Redwood Park Advisors LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $37,000. Prudent Man Investment Management Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. Royal Bank of Canada restated an “outperform” rating and issued a $285.00 price objective (up previously from $255.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday. TD Securities raised their price objective on JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird boosted their target price on JPMorgan Chase & Co. from $220.00 to $235.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley upped their target price on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the company an “equal weight” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.20.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $260.50 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business has a 50 day simple moving average of $243.37 and a 200-day simple moving average of $248.05. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market capitalization of $723.95 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.44 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 3rd will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, July 3rd. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Transactions at JPMorgan Chase & Co.

In related news, COO Jennifer Piepszak sold 4,272 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $247.03, for a total value of $1,055,312.16. Following the completion of the sale, the chief operating officer now owns 50,197 shares in the company, valued at $12,400,164.91. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at $32,947,774.62. The trade was a 15.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,594 shares of company stock worth $23,991,061 over the last ninety days. 0.47% of the stock is currently owned by company insiders.

About JPMorgan Chase & Co.

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.