Illinois Municipal Retirement Fund cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,675 shares of the financial services provider's stock after selling 20,861 shares during the quarter. JPMorgan Chase & Co. makes up 0.7% of Illinois Municipal Retirement Fund's portfolio, making the stock its 13th largest position. Illinois Municipal Retirement Fund's holdings in JPMorgan Chase & Co. were worth $45,946,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 18.8% during the 4th quarter. Continuum Wealth Advisors LLC now owns 1,535 shares of the financial services provider's stock worth $368,000 after purchasing an additional 243 shares during the last quarter. Twin Peaks Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 11.1% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 2,360 shares of the financial services provider's stock worth $566,000 after purchasing an additional 236 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 22.1% during the 4th quarter. TruNorth Capital Management LLC now owns 812 shares of the financial services provider's stock worth $195,000 after purchasing an additional 147 shares during the last quarter. EdgeRock Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 11.0% during the 4th quarter. EdgeRock Capital LLC now owns 3,306 shares of the financial services provider's stock worth $792,000 after purchasing an additional 327 shares during the last quarter. Finally, Sierra Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 3.7% during the 4th quarter. Sierra Capital LLC now owns 3,598 shares of the financial services provider's stock worth $862,000 after purchasing an additional 127 shares during the last quarter. 71.55% of the stock is owned by institutional investors.
NYSE:JPM traded down $4.13 on Friday, hitting $242.41. The company had a trading volume of 20,494,208 shares, compared to its average volume of 8,708,485. The stock has a market capitalization of $677.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $259.41 and a two-hundred day moving average of $238.43. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the prior year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 25.33%.
JPM has been the topic of several recent analyst reports. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price objective on the stock in a research note on Friday, January 3rd. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their price target for the company from $215.00 to $220.00 in a research note on Friday. Finally, Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $252.89.
Check Out Our Latest Report on JPMorgan Chase & Co.
In other news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock worth $12,448,445 over the last three months. 0.79% of the stock is owned by company insiders.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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