Cookson Peirce & Co. Inc. Has $1.11 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Cookson Peirce & Co. Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,498 shares of the financial services provider’s stock after selling 598 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JPM. Morgan Stanley lifted its position in shares of JPMorgan Chase & Co. by 0.3% in the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after purchasing an additional 201,441 shares in the last quarter. FMR LLC increased its stake in JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the period. Wellington Management Group LLP increased its stake in JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the period. Northern Trust Corp lifted its position in JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock worth $4,798,612,000 after buying an additional 871,091 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after buying an additional 457,184 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group cut their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Piper Sandler lowered their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Morgan Stanley reduced their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $192.05.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last ninety days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

JPM opened at $192.11 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average price is $189.46 and its two-hundred day moving average price is $169.90. The firm has a market capitalization of $551.76 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.39%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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.