Perritt Capital Management Inc Sells 182 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Perritt Capital Management Inc decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,963 shares of the financial services provider’s stock after selling 182 shares during the quarter. Perritt Capital Management Inc’s holdings in JPMorgan Chase & Co. were worth $710,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $34,000. Prudent Man Investment Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $43,000. Midwest Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Collier Financial bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $45,000. Finally, Lowe Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 8.1 %

NYSE JPM opened at $210.09 on Friday. The stock has a market cap of $587.43 billion, a PE ratio of 10.64, a PEG ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The company’s 50-day moving average price is $254.71 and its 200-day moving average price is $241.29. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a report on Friday, January 3rd. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Evercore ISI lowered their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Truist Financial dropped their price objective 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. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.83.

Insiders Place Their Bets

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 value of $838,763.82. Following the completion of the sale, the general counsel now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,848 shares of company stock worth $19,987,908. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. 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.