Farther Finance Advisors LLC Sells 2,897 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Farther Finance Advisors LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,998 shares of the financial services provider’s stock after selling 2,897 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $9,828,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Peterson Financial Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $45,000. Legacy Investment Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $45,000. Collier Financial bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $45,000. Finally, Lowe Wealth Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 34.0% in the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after buying an additional 51 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction on 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 directly owns 54,469 shares of the company’s stock, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $238.86 on Friday. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The stock has a market cap of $667.89 billion, a PE ratio of 12.10, a PEG ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm’s 50 day moving average price is $257.83 and its two-hundred day moving average price is $239.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.34%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

JPMorgan Chase & Co. Profile

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.