Schaper Benz & Wise Investment Counsel Inc. WI Sells 75 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Schaper Benz & Wise Investment Counsel Inc. WI lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,928 shares of the financial services provider’s stock after selling 75 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in JPMorgan Chase & Co. were worth $328,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stone House Investment Management LLC grew its stake in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the period. Bare Financial Services Inc acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $35,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $40,000. Rakuten Securities Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $44,000. Finally, Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. during the third quarter worth about $40,000. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BMO Capital Markets cut their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.05.

Check Out Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $201.51 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $133.96 and a 12 month high of $201.58. The stock has a market cap of $578.67 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.45 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $192.71 and a 200 day moving average of $174.77.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.21 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.28%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s 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 sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s 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 transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,078,240 shares of company stock worth $197,968,219. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Profile

(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.

Further Reading

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

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