Unio Capital LLC Sells 419 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Unio Capital LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 852 shares of the financial services provider’s stock after selling 419 shares during the quarter. JPMorgan Chase & Co. makes up about 0.1% of Unio Capital LLC’s holdings, making the stock its 27th biggest holding. Unio Capital LLC’s holdings in JPMorgan Chase & Co. were worth $204,000 at the end of the most recent reporting period.

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

JPMorgan Chase & Co. Trading Down 1.1%

NYSE:JPM opened at $264.60 on Tuesday. The firm has a market capitalization of $735.35 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 2.83 and a beta of 1.07. The business’s 50-day moving average price is $241.45 and its two-hundred day moving average price is $247.55. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1-year low of $190.88 and a 1-year high of $280.25.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.12%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $42,737,529.04. This represents a 19.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,188 shares of company stock worth $33,095,363. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JPM. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Truist Financial set a $261.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. UBS Group upped their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, April 17th. TD Cowen started coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective for the company. Finally, Bank of America cut their price objective on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $258.26.

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.