RFG Advisory LLC Sells 148 Shares of JPMorgan Chase & Co. (NYSE:JPM)

RFG Advisory LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,316 shares of the financial services provider’s stock after selling 148 shares during the period. RFG Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $4,987,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortem Financial Group LLC raised its stake in shares of JPMorgan Chase & Co. by 7.5% in the 4th quarter. Fortem Financial Group LLC now owns 13,893 shares of the financial services provider’s stock valued at $2,363,000 after buying an additional 973 shares in the last quarter. Trifecta Capital Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Trifecta Capital Advisors LLC now owns 22,164 shares of the financial services provider’s stock valued at $3,770,000 after acquiring an additional 237 shares during the period. Narus Financial Partners LLC raised its position in JPMorgan Chase & Co. by 2.4% in the fourth quarter. Narus Financial Partners LLC now owns 5,282 shares of the financial services provider’s stock worth $898,000 after purchasing an additional 125 shares in the last quarter. Perennial Advisors LLC lifted its stake in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Perennial Advisors LLC now owns 59,804 shares of the financial services provider’s stock worth $10,173,000 after purchasing an additional 490 shares during the period. Finally, Altus Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 12.7% during the fourth quarter. Altus Wealth Management LLC now owns 3,105 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock worth $155,107,447 over the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 6.5 %

Shares of NYSE JPM opened at $182.79 on Monday. JPMorgan Chase & Co. has a twelve month low of $126.83 and a twelve month high of $200.94. The stock has a market cap of $524.99 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. The company’s fifty day moving average is $188.11 and its 200-day moving average is $167.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (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 business had revenue of $38.57 billion during the quarter, compared to the consensus estimate of $39.73 billion. During the same quarter last year, the company earned $3.57 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 15.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Piper Sandler raised their target price on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $190.06.

About JPMorgan Chase & Co.

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.