JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Stonebrook Private Inc.

Stonebrook Private Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,793 shares of the financial services provider’s stock after selling 734 shares during the quarter. JPMorgan Chase & Co. comprises about 2.1% of Stonebrook Private Inc.’s holdings, making the stock its 12th largest position. Stonebrook Private Inc.’s holdings in JPMorgan Chase & Co. were worth $7,861,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $34,000. Investment Counsel Co. of Nevada purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $37,000. Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Finally, Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $267.65 on Friday. The stock has a market cap of $743.83 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $240.72 and a 200-day moving average of $247.08. JPMorgan Chase & Co. has a 52 week low of $190.88 and a 52 week high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were paid a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday, April 14th. TD Cowen assumed coverage on JPMorgan Chase & Co. in a report on Thursday. They set a “buy” rating and a $305.00 target price for the company. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Finally, KGI Securities assumed coverage on JPMorgan Chase & Co. in a report on Sunday, April 13th. They set a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.26.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’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 sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. This represents a 19.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,188 shares of company stock worth $33,095,363. 0.47% of the stock is currently owned by insiders.

JPMorgan Chase & Co. 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.