JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by QV Investors Inc.

QV Investors Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,765 shares of the financial services provider’s stock after selling 3,835 shares during the period. QV Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $6,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Agate Pass Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 31.3% in the fourth quarter. Agate Pass Investment Management LLC now owns 25,284 shares of the financial services provider’s stock valued at $6,061,000 after acquiring an additional 6,034 shares in the last quarter. CHICAGO TRUST Co NA lifted its holdings in JPMorgan Chase & Co. by 8.2% in the fourth quarter. CHICAGO TRUST Co NA now owns 40,184 shares of the financial services provider’s stock valued at $9,633,000 after acquiring an additional 3,060 shares during the period. Compton Wealth Advisory Group LLC boosted its position in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Compton Wealth Advisory Group LLC now owns 29,918 shares of the financial services provider’s stock worth $7,172,000 after purchasing an additional 472 shares in the last quarter. Kieckhefer Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $50,000. Finally, ACT Advisors LLC. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $246,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.4 %

JPMorgan Chase & Co. stock traded up $3.28 during midday trading on Monday, reaching $243.15. The stock had a trading volume of 4,809,636 shares, compared to its average volume of 8,700,477. The stock has a market capitalization of $684.55 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock’s 50-day simple moving average is $241.59 and its 200 day simple moving average is $222.88. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the previous year, the business earned $4.33 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is currently 27.82%.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. Morgan Stanley cut shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Piper Sandler raised their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. 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.