Financial Counselors Inc. Has $111.98 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Financial Counselors Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 467,165 shares of the financial services provider's stock after selling 3,215 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.6% of Financial Counselors Inc.'s holdings, making the stock its 9th largest holding. Financial Counselors Inc.'s holdings in JPMorgan Chase & Co. were worth $111,984,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $43,000. Collier Financial purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth $45,000. Lowe Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 34.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $50,000. Finally, Legacy Investment Solutions LLC purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $45,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares of the company's stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and increased their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Barclays upped their target price 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. Finally, Evercore ISI dropped their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating on the stock in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and a consensus target price of $255.06.

JPMorgan Chase & Co. Stock Performance

JPM traded up $1.56 during trading hours on Wednesday, hitting $245.22. 4,456,850 shares of the stock were exchanged, compared to its average volume of 9,345,222. The stock has a market cap of $685.66 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The stock has a 50-day simple moving average of $256.88 and a 200-day simple moving average of $241.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period last year, the firm posted $3.04 EPS. The company's revenue for the quarter was up 10.9% on a year-over-year basis. 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 paid a $1.40 dividend. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is presently 28.37%.

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.