Smith Moore & CO. Has $4.17 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Smith Moore & CO. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,399 shares of the financial services provider’s stock after selling 610 shares during the period. Smith Moore & CO.’s holdings in JPMorgan Chase & Co. were worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Sellwood Investment Partners LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Midwest Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Collier Financial bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $45,000. Finally, Lowe Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after buying an additional 51 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value 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 represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock valued at $19,987,908 in the last quarter. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Down 8.1 %

Shares of JPM stock opened at $210.09 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 $587.43 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01. The firm’s 50-day moving average is $254.71 and its 200-day moving average is $241.51. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is 28.37%.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Truist Financial dropped their price target on JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating on the stock in a research note on Friday. UBS Group upped their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.83.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.