M. Kraus & Co trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,949 shares of the financial services provider’s stock after selling 274 shares during the quarter. M. Kraus & Co’s holdings in JPMorgan Chase & Co. were worth $883,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPM. United Bank increased its position in JPMorgan Chase & Co. by 8.1% in the second quarter. United Bank now owns 23,807 shares of the financial services provider’s stock worth $2,239,000 after purchasing an additional 1,782 shares during the period. ArrowMark Colorado Holdings LLC grew its position in shares of JPMorgan Chase & Co. by 37.3% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 166,089 shares of the financial services provider’s stock worth $15,622,000 after buying an additional 45,094 shares during the period. WFA of San Diego LLC acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $822,000. Garde Capital Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth about $200,000. Finally, Hayek Kallen Investment Management grew its position in shares of JPMorgan Chase & Co. by 17.9% during the 2nd quarter. Hayek Kallen Investment Management now owns 22,774 shares of the financial services provider’s stock worth $2,142,000 after buying an additional 3,460 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

In other news, insider Nicole Giles sold 2,281 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. Also, EVP Marianne Lake sold 15,808 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $120.01, for a total value of $1,897,118.08. In the last quarter, insiders have sold 21,386 shares of company stock worth $2,460,813. Company insiders own 0.78% of the company’s stock.

Several research firms have recently issued reports on JPM. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $110.00 to $130.00 in a research report on Wednesday, December 9th. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $152.00 in a research report on Thursday, January 7th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $118.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $125.00 to $130.00 in a research report on Wednesday, November 18th. Finally, Bank of America upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus price target of $121.51.

NYSE JPM opened at $140.35 on Thursday. The stock has a market capitalization of $427.82 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 3.20 and a beta of 1.22. The stock’s 50 day moving average price is $124.63 and its two-hundred day moving average price is $106.64. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.66.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The firm had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 7.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 31st. Stockholders of record on Wednesday, January 6th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Tuesday, January 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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