Oak Associates Ltd. OH Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Oak Associates Ltd. OH lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 146,416 shares of the financial services provider’s stock after selling 7,107 shares during the quarter. JPMorgan Chase & Co. comprises about 2.4% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 15th biggest position. Oak Associates Ltd. OH’s holdings in JPMorgan Chase & Co. were worth $35,097,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Redwood Park Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $29,000. Sellwood Investment Partners LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $34,000. Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Finally, Collier Financial purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Truist Financial dropped their price target on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating for the company in a research note on Friday, April 4th. Evercore ISI reduced their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $254.83.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. This represents a 19.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the sale, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $227.15 on Friday. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The firm has a market capitalization of $635.13 billion, a P/E ratio of 11.51, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company’s fifty day moving average price is $249.53 and its 200 day moving average price is $241.85.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be paid a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.47%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.