Shell Asset Management Co. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Shell Asset Management Co. raised 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 66,164 shares of the financial services provider’s stock after acquiring an additional 179 shares during the period. JPMorgan Chase & Co. makes up 0.7% of Shell Asset Management Co.’s portfolio, making the stock its 18th biggest position. Shell Asset Management Co.’s holdings in JPMorgan Chase & Co. were worth $15,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $34,000. Investment Counsel Co. of Nevada acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $37,000. Midwest Capital Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the transaction, the director now directly owns 91,539 shares in the company, valued at $22,884,750. This trade represents a 9.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeremy Barnum sold 40,014 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer now owns 18,017 shares in the company, valued at approximately $4,518,123.09. This trade represents a 68.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,188 shares of company stock valued at $33,095,363. Insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $267.19 on Friday. The stock has a market cap of $742.55 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. 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 fifty day moving average price of $239.95 and a 200 day moving average price of $246.62.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.44. The firm 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 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. Analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.49%.

Analysts Set New Price Targets

Several analysts recently commented on JPM shares. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday. Bank of America lowered their target price on 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. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. UBS Group increased their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Finally, Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research note on Monday, April 14th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $258.26.

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.