JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Renasant Bank

Renasant Bank reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,347 shares of the financial services provider’s stock after selling 101 shares during the period. Renasant Bank’s holdings in JPMorgan Chase & Co. were worth $1,282,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after buying an additional 182,648 shares during the last quarter. United Bank boosted its position in JPMorgan Chase & Co. by 2.5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after buying an additional 614 shares during the last quarter. Atlanta Consulting Group Advisors LLC boosted its position in JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 51,779 shares of the financial services provider’s stock valued at $10,918,000 after buying an additional 649 shares during the last quarter. Adero Partners LLC boosted its position in JPMorgan Chase & Co. by 2.2% in the 3rd quarter. Adero Partners LLC now owns 18,806 shares of the financial services provider’s stock valued at $3,965,000 after buying an additional 402 shares during the last quarter. Finally, Accent Capital Management LLC boosted its position in JPMorgan Chase & Co. by 84.4% in the 3rd quarter. Accent Capital Management LLC now owns 14,861 shares of the financial services provider’s stock valued at $3,134,000 after buying an additional 6,802 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $241.49 on Friday. The firm’s 50 day moving average is $257.86 and its two-hundred day moving average is $239.22. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The firm has a market capitalization of $675.24 billion, a P/E ratio of 12.23, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate 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 company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter last year, the business earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. Analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.37%.

Analyst Ratings Changes

Several brokerages have recently commented on JPM. Barclays increased 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, January 16th. 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. 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. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, UBS Group increased their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.89.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the firm’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 transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction that occurred 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 owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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. Company 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.