Farmers Trust Co. Sells 1,387 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Farmers Trust Co. decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,724 shares of the financial services provider’s stock after selling 1,387 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 3.8% of Farmers Trust Co.’s investment portfolio, making the stock its 4th largest position. Farmers Trust Co.’s holdings in JPMorgan Chase & Co. were worth $20,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Mizuho Securities Co. Ltd. acquired a new position in JPMorgan Chase & Co. in the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $27,000. Fairway Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $32,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $37,000. Finally, New England Capital Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after buying an additional 50 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $0.15 on Wednesday, reaching $243.02. The company’s stock had a trading volume of 5,626,138 shares, compared to its average volume of 8,560,753. The company has a market capitalization of $684.18 billion, a P/E ratio of 13.52, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31. The stock’s 50 day simple moving average is $240.46 and its 200-day simple moving average is $221.95. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

JPMorgan Chase & Co. Company Profile

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.