Cidel Asset Management Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,658 shares of the financial services provider’s stock after selling 482 shares during the quarter. Cidel Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of JPM. LFA Lugano Financial Advisors SA purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. NWK Group Inc. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $39,000. Lloyd Advisory Services LLC. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $45,000. Permanens Capital L.P. purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $50,000. Finally, Moser Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $63,000. 73.93% of the stock is currently owned by hedge funds and other institutional investors.
JPM traded up $4.43 during midday trading on Wednesday, reaching $92.86. The company’s stock had a trading volume of 20,852,796 shares, compared to its average volume of 33,577,772. The firm has a market capitalization of $242.94 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. The stock’s 50-day moving average is $117.94 and its 200-day moving average is $125.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Friday, April 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
A number of research analysts have recently commented on JPM shares. Piper Sandler upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $149.00 price target for the company in a research report on Monday, March 2nd. UBS Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $132.00 to $138.00 in a report on Monday, January 6th. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday. Edward Jones reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $131.00 to $134.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $131.18.
In other news, General Counsel Stacey Friedman sold 6,441 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $137.10, for a total value of $883,061.10. Following the completion of the sale, the general counsel now directly owns 36,559 shares of the company’s stock, valued at $5,012,238.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nicole Giles sold 3,015 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $137.10, for a total transaction of $413,356.50. Following the completion of the sale, the insider now directly owns 10,607 shares of the company’s stock, valued at $1,454,219.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,814 shares of company stock worth $17,318,144. Corporate insiders own 0.76% of the company’s stock.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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