Herold Advisors Inc. Has $5.95 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Herold Advisors Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,969 shares of the financial services provider’s stock after selling 327 shares during the quarter. JPMorgan Chase & Co. accounts for 1.6% of Herold Advisors Inc.’s holdings, making the stock its 10th biggest holding. Herold Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $5,949,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Etfidea LLC grew its position in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after buying an additional 100 shares in the last quarter. TKG Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 97.6% during the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock valued at $1,915,000 after acquiring an additional 6,521 shares during the period. Sutton Place Investors LLC lifted its position in shares of JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after acquiring an additional 8,412 shares during the period. Alley Investment Management Company LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after purchasing an additional 530 shares in the last quarter. Finally, Allen Investment Management LLC increased its position in shares of JPMorgan Chase & Co. by 15.8% in the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after purchasing an additional 23,894 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Oppenheimer reduced their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Finally, Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $191.86 on Thursday. The firm has a market cap of $551.04 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The firm’s fifty day moving average is $191.10 and its 200-day moving average is $171.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Activity

In related news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the transaction, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the transaction, the insider now owns 202,093 shares in the company, valued at approximately $36,174,647. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.