Sovran Advisors LLC Invests $2.45 Million in JPMorgan Chase & Co. (NYSE:JPM)

Sovran Advisors LLC bought a new position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,902 shares of the financial services provider's stock, valued at approximately $2,450,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB increased its stake in JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock valued at $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC grew its position in JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock valued at $702,000 after purchasing an additional 343 shares in the last quarter. Calton & Associates Inc. grew its position in JPMorgan Chase & Co. by 307.3% in the third quarter. Calton & Associates Inc. now owns 33,750 shares of the financial services provider's stock valued at $7,117,000 after purchasing an additional 25,464 shares in the last quarter. Violich Capital Management Inc. grew its position in JPMorgan Chase & Co. by 0.5% in the third quarter. Violich Capital Management Inc. now owns 19,795 shares of the financial services provider's stock valued at $4,174,000 after purchasing an additional 100 shares in the last quarter. Finally, Koss Olinger Consulting LLC grew its position in JPMorgan Chase & Co. by 4.0% in the third quarter. Koss Olinger Consulting LLC now owns 3,496 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 133 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the sale, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were 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 in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. 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 report on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research note on Thursday, January 16th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a "hold" rating in a report on Thursday, January 16th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 target price on the stock. in a report on Thursday, November 7th. Finally, Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of "Hold" and a consensus target price of $251.78.

JPMorgan Chase & Co. Stock Down 0.8 %

JPM traded down $2.02 during trading on Friday, hitting $264.78. 5,916,011 shares of the company's stock were exchanged, compared to its average volume of 9,256,909. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $255.63 and its two-hundred day moving average is $234.48. JPMorgan Chase & Co. has a fifty-two week low of $179.20 and a fifty-two week high of $280.25. The stock has a market cap of $740.35 billion, a P/E ratio of 13.41, a PEG ratio of 2.96 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The business's revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.89%. JPMorgan Chase & Co.'s payout ratio is 25.33%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.