JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Thomasville National Bank

Thomasville National Bank reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,740 shares of the financial services provider’s stock after selling 886 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.2% of Thomasville National Bank’s portfolio, making the stock its 8th biggest position. Thomasville National Bank’s holdings in JPMorgan Chase & Co. were worth $45,003,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JPM. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth approximately $32,000. West Financial Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC lifted its stake in JPMorgan Chase & Co. by 38.5% during the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 50 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM traded up $2.56 during trading on Monday, reaching $242.43. 3,722,420 shares of the stock were exchanged, compared to its average volume of 8,542,677. The business’s 50 day moving average price is $241.59 and its two-hundred day moving average price is $222.88. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $682.52 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31.

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

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial assumed coverage on JPMorgan Chase & Co. in a research note on Tuesday, January 7th. They set a “hold” rating and a $260.00 target price for the company. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Citigroup lifted 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. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $245.83.

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.