Dakota Community Bank & Trust NA Sells 64 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Dakota Community Bank & Trust NA lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,002 shares of the financial services provider’s stock after selling 64 shares during the period. JPMorgan Chase & Co. makes up approximately 3.4% of Dakota Community Bank & Trust NA’s holdings, making the stock its 2nd biggest position. Dakota Community Bank & Trust NA’s holdings in JPMorgan Chase & Co. were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 0.4% in the 2nd quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after acquiring an additional 84 shares during the period. Fiera Capital Corp grew its position in shares of JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 63 shares during the last quarter. Alpha Financial Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 9.4% in the second quarter. Alpha Financial Partners LLC now owns 2,986 shares of the financial services provider’s stock worth $604,000 after purchasing an additional 257 shares during the period. DHK Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $585,000. Finally, Madison Wealth Partners Inc boosted its stake in JPMorgan Chase & Co. by 1.9% during the 2nd quarter. Madison Wealth Partners Inc now owns 7,804 shares of the financial services provider’s stock valued at $1,579,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $259.46 on Monday. The firm’s 50 day simple moving average is $243.50 and its 200 day simple moving average is $224.41. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $260.62. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the business posted $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on JPM shares. Evercore ISI upped their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group upped their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $251.78.

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.