Union Savings Bank Sells 149 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Union Savings Bank cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,429 shares of the financial services provider’s stock after selling 149 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.3% of Union Savings Bank’s portfolio, making the stock its 11th biggest position. Union Savings Bank’s holdings in JPMorgan Chase & Co. were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of JPM. Etfidea LLC raised its stake in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC raised its position in JPMorgan Chase & Co. by 97.6% in the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares during the last quarter. Sutton Place Investors LLC lifted its stake in JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after acquiring an additional 8,412 shares during the period. Allen Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after acquiring an additional 23,894 shares during the last quarter. Finally, Breakwater Capital Group raised its holdings in shares of JPMorgan Chase & Co. by 12.3% during the third quarter. Breakwater Capital Group now owns 8,558 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 934 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on JPM. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. UBS Group upped their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler raised their target price on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $194.10.

Insiders Place Their Bets

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total value of $984,853.04. Following the sale, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $193.64, for a total transaction of $984,853.04. Following the completion of the transaction, the insider now directly owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The disclosure for this sale can be found here. Insiders have sold a total of 249,399 shares of company stock worth $46,713,667 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM traded up $3.79 during trading on Friday, hitting $200.71. 7,356,233 shares of the company’s stock were exchanged, compared to its average volume of 8,712,340. The business’s 50-day simple moving average is $194.71 and its 200 day simple moving average is $178.05. The company has a market cap of $576.37 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 2.66 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $134.40 and a 52-week high of $205.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.32 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.29%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.