Continental Advisors LLC Sells 1,500 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Continental Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,135 shares of the financial services provider's stock after selling 1,500 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Continental Advisors LLC's investment portfolio, making the stock its 21st largest holding. Continental Advisors LLC's holdings in JPMorgan Chase & Co. were worth $2,669,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Soros Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $10,224,000. Fayez Sarofim & Co boosted its holdings in shares of JPMorgan Chase & Co. by 14.9% during the fourth quarter. Fayez Sarofim & Co now owns 3,769,853 shares of the financial services provider's stock valued at $910,227,000 after acquiring an additional 489,644 shares during the period. J. Safra Sarasin Holding AG grew its position in shares of JPMorgan Chase & Co. by 48.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 91,803 shares of the financial services provider's stock worth $21,989,000 after acquiring an additional 29,984 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Stifel Financial Corp now owns 4,156,140 shares of the financial services provider's stock worth $996,288,000 after acquiring an additional 35,883 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 143,817 shares of the financial services provider's stock valued at $34,474,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on JPM shares. Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday, January 16th. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research report on Monday, April 14th. Evercore ISI lowered their price target on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Finally, Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $255.67.

Insider Activity

In other news, COO Jennifer Piepszak sold 4,273 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of 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 can be accessed through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the company'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 transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,545 shares of company stock worth $19,149,144. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.5 %

Shares of NYSE:JPM traded down $1.17 during midday trading on Friday, reaching $243.47. The company had a trading volume of 8,586,513 shares, compared to its average volume of 9,618,686. The company has a fifty day simple moving average of $240.91 and a two-hundred day simple moving average of $243.61. The firm has a market cap of $677.58 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25. 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. (NYSE:JPM - Get Free Report) last released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the firm posted $4.44 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be issued a $1.40 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.49%.

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.