Tompkins Financial Corp Sells 148 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Tompkins Financial Corp lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,572 shares of the financial services provider’s stock after selling 148 shares during the quarter. JPMorgan Chase & Co. accounts for 1.7% of Tompkins Financial Corp’s holdings, making the stock its 13th biggest position. Tompkins Financial Corp’s holdings in JPMorgan Chase & Co. were worth $18,355,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Yarger Wealth Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 3.9% in the fourth quarter. Yarger Wealth Strategies LLC now owns 9,812 shares of the financial services provider’s stock valued at $2,352,000 after acquiring an additional 364 shares during the last quarter. RDA Financial Network grew its stake in JPMorgan Chase & Co. by 2.0% in the fourth quarter. RDA Financial Network now owns 30,697 shares of the financial services provider’s stock valued at $7,358,000 after purchasing an additional 610 shares in the last quarter. First Pacific Financial increased its position in shares of JPMorgan Chase & Co. by 49.5% during the 4th quarter. First Pacific Financial now owns 3,052 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 1,011 shares during the last quarter. Capital Planning LLC raised its stake in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital Planning LLC now owns 2,357 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 276 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $100,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JPM. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler raised their target price 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. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $259.46 on Friday. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $260.62. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $243.50 and its 200 day simple moving average is $224.30. The firm has a market cap of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by insiders.

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.