Claret Asset Management Corp Has $698,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Claret Asset Management Corp lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,911 shares of the financial services provider’s stock after selling 174 shares during the quarter. Claret Asset Management Corp’s holdings in JPMorgan Chase & Co. were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Coastline Trust Co boosted its position in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Coastline Trust Co now owns 21,002 shares of the financial services provider’s stock valued at $5,034,000 after acquiring an additional 228 shares in the last quarter. Dnca Finance lifted its stake in JPMorgan Chase & Co. by 2.6% during the fourth quarter. Dnca Finance now owns 83,866 shares of the financial services provider’s stock worth $20,104,000 after purchasing an additional 2,100 shares during the period. Elevatus Welath Management lifted its stake in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Elevatus Welath Management now owns 4,962 shares of the financial services provider’s stock worth $1,189,000 after purchasing an additional 679 shares during the period. First Trust Advisors LP boosted its holdings in JPMorgan Chase & Co. by 6.2% during the fourth quarter. First Trust Advisors LP now owns 1,788,544 shares of the financial services provider’s stock valued at $428,732,000 after purchasing an additional 104,355 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in shares of JPMorgan Chase & Co. by 3.5% in the 4th quarter. Forum Financial Management LP now owns 82,979 shares of the financial services provider’s stock valued at $19,891,000 after purchasing an additional 2,820 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of NYSE:JPM opened at $231.79 on Friday. The company has a 50 day moving average of $244.72 and a 200-day moving average of $242.59. JPMorgan Chase & Co. has a one year low of $181.41 and a one year high of $280.25. The stock has a market cap of $645.07 billion, a price-to-earnings ratio of 11.74, 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.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period in the previous year, the company earned $4.44 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. UBS Group raised their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $215.00 to $220.00 in a report on Friday, March 7th. Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating for the company. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $255.67.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now owns 49,127 shares of the company’s stock, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,545 shares of company stock worth $19,149,144. Company insiders own 0.79% of the company’s stock.

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.