Courier Capital LLC Sells 302 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Courier Capital LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,011 shares of the financial services provider’s stock after selling 302 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Courier Capital LLC’s investment portfolio, making the stock its 17th biggest holding. Courier Capital LLC’s holdings in JPMorgan Chase & Co. were worth $16,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 290.9% in the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 288 shares during the period. Legacy Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $58,000. Finally, Robbins Farley grew its stake in shares of JPMorgan Chase & Co. by 29.5% in the third quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 96 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of the business’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 transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total value of $301,969.80. Following the sale, the insider now owns 46,766 shares in the company, valued at $7,793,553.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s 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 completion of 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. Over the last quarter, insiders have sold 849,303 shares of company stock valued at $155,107,447. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JPM shares. Barclays lifted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.63.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $200.29 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.72. The company has a market capitalization of $576.91 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.49 and a beta of 1.14. The firm’s 50 day simple moving average is $182.22 and its two-hundred day simple moving average is $163.62.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. During the same period last year, the firm posted $3.57 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 15.75 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 25.89%.

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.