First Commonwealth Financial Corp PA Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

First Commonwealth Financial Corp PA lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,542 shares of the financial services provider’s stock after buying an additional 1,291 shares during the quarter. JPMorgan Chase & Co. comprises 0.9% of First Commonwealth Financial Corp PA’s portfolio, making the stock its 16th biggest holding. First Commonwealth Financial Corp PA’s holdings in JPMorgan Chase & Co. were worth $3,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Redwood Park Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $34,000. Investment Counsel Co. of Nevada bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $37,000. Prudent Man Investment Management Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Finally, Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 1.5 %

JPM stock opened at $229.73 on Thursday. The firm’s fifty day simple moving average is $246.37 and its two-hundred day simple moving average is $242.27. The stock has a market capitalization of $639.34 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. 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. has a twelve month low of $179.20 and a twelve month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating the consensus estimate of $4.63 by $0.44. The company had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share 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. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. This represents a $5.60 annualized dividend and a dividend yield of 2.44%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.49%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at $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. In the last three months, insiders sold 73,545 shares of company stock valued at $19,149,144. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial set a $261.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday. They set a “hold” rating for the company. Finally, UBS Group boosted their target price 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $254.67.

About JPMorgan Chase & Co.

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.