Bragg Financial Advisors Inc decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,197 shares of the financial services provider's stock after selling 3,130 shares during the quarter. Bragg Financial Advisors Inc's holdings in JPMorgan Chase & Co. were worth $22,820,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brogan Financial Inc. raised its holdings in JPMorgan Chase & Co. by 4.9% during the fourth quarter. Brogan Financial Inc. now owns 1,339 shares of the financial services provider's stock worth $321,000 after acquiring an additional 63 shares in the last quarter. BTG Pactual Asset Management US LLC raised its stake in shares of JPMorgan Chase & Co. by 17.8% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 17,870 shares of the financial services provider's stock worth $4,277,000 after purchasing an additional 2,702 shares in the last quarter. Granite Investment Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Granite Investment Partners LLC now owns 44,195 shares of the financial services provider's stock valued at $10,594,000 after buying an additional 195 shares during the last quarter. Altman Advisors Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Altman Advisors Inc. now owns 9,037 shares of the financial services provider's stock valued at $2,166,000 after buying an additional 70 shares in the last quarter. Finally, Virtus Wealth Solutions LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter worth $3,025,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of JPMorgan Chase & Co. stock traded down $1.68 during trading on Tuesday, reaching $233.04. 10,902,541 shares of the company's stock were exchanged, compared to its average volume of 9,642,534. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The company has a market cap of $648.54 billion, a P/E ratio of 11.81, a PEG ratio of 2.83 and a beta of 1.01. The firm's 50-day moving average price is $247.29 and its 200 day moving average price is $242.36.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the previous year, the firm earned $4.44 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a $1.40 dividend. The ex-dividend date is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a yield of 2.40%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.
Insiders Place Their Bets
In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was 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 of the company's stock, valued at approximately $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on JPM shares. UBS Group boosted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. StockNews.com lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research report on Monday. Truist Financial reduced their target price on shares of JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating for the company in a report on Monday. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Finally, Barclays increased their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $254.11.
Check Out Our Latest Stock Report on JPM
About JPMorgan Chase & Co.
(
Free Report)
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.
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