EP Wealth Advisors LLC Sells 9,245 Shares of JPMorgan Chase & Co. (NYSE:JPM)

EP Wealth Advisors LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 684,934 shares of the financial services provider’s stock after selling 9,245 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of EP Wealth Advisors LLC’s holdings, making the stock its 18th largest holding. EP Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $164,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. DDD Partners LLC raised its holdings in JPMorgan Chase & Co. by 2.8% in the fourth quarter. DDD Partners LLC now owns 1,416 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 38 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock worth $622,000 after buying an additional 38 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 39 shares during the last quarter. Yoder Wealth Management Inc. boosted its stake in JPMorgan Chase & Co. by 2.8% during the 4th quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 39 shares during the last quarter. Finally, Almanack Investment Partners LLC. increased its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 39 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on JPM shares. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Bank of America decreased their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. KGI Securities started coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They issued a “hold” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $255.67.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $249.32 on Wednesday. The firm has a 50-day moving average of $238.65 and a two-hundred day moving average of $245.08. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The stock has a market cap of $693.86 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.44 EPS. On average, research analysts forecast 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 was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a $1.40 dividend. The ex-dividend date of this dividend was 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 2.25%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.49%.

Insider Buying and Selling

In other news, CFO Jeremy Barnum sold 40,014 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total transaction of $10,034,310.78. Following the completion of the sale, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. This represents a 68.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,188 shares of company stock worth $33,095,363 in the last three months. 0.47% of the stock is owned by 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.