Signet Financial Management LLC Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

Signet Financial Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,496 shares of the financial services provider’s stock after selling 226 shares during the quarter. Signet Financial Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. First Citizens Financial Corp raised its position in shares of JPMorgan Chase & Co. by 6.0% in the 3rd quarter. First Citizens Financial Corp now owns 10,756 shares of the financial services provider’s stock worth $1,560,000 after purchasing an additional 609 shares during the last quarter. Global Strategic Investment Solutions LLC raised its holdings in JPMorgan Chase & Co. by 13.6% in the third quarter. Global Strategic Investment Solutions LLC now owns 2,052 shares of the financial services provider’s stock worth $298,000 after buying an additional 245 shares during the last quarter. TI Trust Inc. lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. TI Trust Inc. now owns 8,788 shares of the financial services provider’s stock worth $1,274,000 after buying an additional 118 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. OneAscent Financial Services LLC now owns 6,388 shares of the financial services provider’s stock worth $926,000 after buying an additional 75 shares in the last quarter. Finally, Strategic Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 4.1% during the third quarter. Strategic Advisors LLC now owns 43,914 shares of the financial services provider’s stock valued at $6,368,000 after buying an additional 1,720 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JPM. UBS Group lowered their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. BMO Capital Markets lowered their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Piper Sandler dropped their price target on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $192.11 on Wednesday. The business has a 50-day simple moving average of $189.46 and a two-hundred day simple moving average of $169.90. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The stock has a market cap of $551.76 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.39%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

JPMorgan Chase & Co. 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.