JPMorgan Chase & Co. (NYSE:JPM) Stake Lessened by Capital Counsel LLC NY

Capital Counsel LLC NY lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,560 shares of the financial services provider’s stock after selling 50 shares during the period. Capital Counsel LLC NY’s holdings in JPMorgan Chase & Co. were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Sarl raised its holdings in shares of JPMorgan Chase & Co. by 6.3% in the 4th quarter. Capital International Sarl now owns 330,675 shares of the financial services provider’s stock worth $79,266,000 after purchasing an additional 19,709 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of JPMorgan Chase & Co. by 1.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,603,619 shares of the financial services provider’s stock valued at $624,464,000 after buying an additional 32,598 shares in the last quarter. Tobias Financial Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 12.6% during the 4th quarter. Tobias Financial Advisors Inc. now owns 1,442 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 161 shares during the last quarter. GKV Capital Management Co. Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $2,483,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of JPMorgan Chase & Co. by 3.9% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,000 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,545 shares of company stock valued at $19,149,144. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

JPM opened at $231.79 on Friday. The company has a market capitalization of $645.07 billion, a PE ratio of 11.74, a price-to-earnings-growth 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. has a fifty-two week low of $179.97 and a fifty-two week high of $280.25. The business has a 50-day moving average of $245.59 and a 200-day moving average of $242.42.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.44 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analysts Forecast Growth

JPM has been the subject of several analyst reports. StockNews.com downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday. Bank of America dropped their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. UBS Group upped their price target on shares of JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $255.67.

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.