Smead Capital Management Inc. Has $236.65 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Smead Capital Management Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,391,211 shares of the financial services provider’s stock after acquiring an additional 9,782 shares during the quarter. JPMorgan Chase & Co. comprises 4.2% of Smead Capital Management Inc.’s portfolio, making the stock its 11th biggest holding. Smead Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $236,645,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Curbstone Financial Management Corp boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after acquiring an additional 60 shares during the last quarter. Grey Street Capital LLC lifted its position in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 60 shares during the last quarter. Financial Management Network Inc. grew its stake in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock worth $1,296,000 after buying an additional 61 shares in the last quarter. Sendero Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after buying an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 64 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated 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 directly owns 64,783 shares in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Piper Sandler cut their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of NYSE JPM opened at $193.28 on Friday. The firm has a fifty day simple moving average of $190.07 and a two-hundred day simple moving average of $170.23. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $555.12 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

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.