Diametric Capital LP Has $792,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Diametric Capital LP trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 37.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,304 shares of the financial services provider’s stock after selling 2,020 shares during the period. Diametric Capital LP’s holdings in JPMorgan Chase & Co. were worth $792,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sellwood Investment Partners LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $34,000. Midwest Capital Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Prudent Man Investment Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. during the 3rd quarter valued at about $45,000. Finally, Collier Financial bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $45,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $210.09 on Friday. The stock has a market capitalization of $587.43 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The stock has a 50 day moving average price of $254.71 and a 200 day moving average price of $241.29. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the business earned $3.04 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.67%. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Barclays raised their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI cut their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday. Truist Financial reduced their target price on JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating on the stock in a report on Friday. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. Finally, Wolfe Research raised shares of 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 note on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $254.83.

Insider Activity

In related 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 transaction of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

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.