Deseret Mutual Benefit Administrators Has $1.08 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Deseret Mutual Benefit Administrators lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,519 shares of the financial services provider’s stock after selling 445 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in JPMorgan Chase & Co. were worth $1,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Matauro LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $446,000. Bell Bank raised its stake in JPMorgan Chase & Co. by 2.0% in the fourth quarter. Bell Bank now owns 18,391 shares of the financial services provider’s stock valued at $4,409,000 after buying an additional 359 shares during the period. LifeSteps Financial Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.5% in the fourth quarter. LifeSteps Financial Inc. now owns 10,061 shares of the financial services provider’s stock valued at $2,412,000 after buying an additional 250 shares during the last quarter. Dividend Assets Capital LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Dividend Assets Capital LLC now owns 57,791 shares of the financial services provider’s stock worth $13,853,000 after acquiring an additional 273 shares during the period. Finally, Greystone Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. Greystone Financial Group LLC now owns 59,307 shares of the financial services provider’s stock worth $14,217,000 after acquiring an additional 268 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Piper Sandler upped their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $251.78.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,326 shares of company stock worth $12,448,445 over the last quarter. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Down 1.7 %

Shares of NYSE:JPM opened at $260.25 on Tuesday. The business’s 50 day moving average is $258.99 and its 200 day moving average is $237.67. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25. The stock has a market cap of $727.69 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 2.83 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.92%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.