Hengehold Capital Management LLC Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Hengehold Capital Management LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,638 shares of the financial services provider’s stock after selling 218 shares during the quarter. Hengehold Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valicenti Advisory Services Inc. lifted its position in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 2,220 shares in the last quarter. Hilltop Holdings Inc. lifted its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after buying an additional 1,439 shares in the last quarter. TKG Advisors LLC lifted its position in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares in the last quarter. Alley Investment Management Company LLC lifted its position in JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after buying an additional 530 shares in the last quarter. Finally, Allen Investment Management LLC lifted its position in JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after buying an additional 23,894 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total transaction of $301,969.80. Following the completion of the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.0 %

JPM opened at $198.86 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $126.22 and a 12 month high of $200.94. The stock has a market capitalization of $572.79 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.54 and a beta of 1.15. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day moving average price of $184.05 and a 200 day moving average price of $164.86.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts expect that JPMorgan Chase & Co. will post 15.75 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JPM. Bank of America lifted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Barclays lifted their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $181.63.

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About JPMorgan Chase & Co.

(Free Report)

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.

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Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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