Annis Gardner Whiting Capital Advisors LLC Sells 277 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Annis Gardner Whiting Capital Advisors LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,369 shares of the financial services provider’s stock after selling 277 shares during the quarter. JPMorgan Chase & Co. makes up 1.0% of Annis Gardner Whiting Capital Advisors LLC’s portfolio, making the stock its 14th largest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,444,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised 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 purchasing an additional 182,648 shares during the last quarter. United Bank increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the third 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 in the last quarter. Redwood Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 104.7% in the third quarter. Redwood Investment Management LLC now owns 3,969 shares of the financial services provider’s stock valued at $837,000 after buying an additional 2,030 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $4,210,000. Finally, EP Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 6.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 694,179 shares of the financial services provider’s stock worth $146,375,000 after buying an additional 44,701 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 8.1 %

JPM opened at $210.09 on Friday. The firm’s fifty day moving average is $254.71 and its two-hundred day moving average is $241.51. The firm has a market cap of $587.43 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. 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 issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate 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 business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the business posted $3.04 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts anticipate 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. Investors of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.67%. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the completion of the transaction, the chief executive officer now directly owns 133,381 shares of the company’s stock, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is owned by corporate 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. 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.