Adams Diversified Equity Fund Inc. Has $50.52 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Adams Diversified Equity Fund Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,763 shares of the financial services provider's stock after selling 52,200 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 9th biggest position. Adams Diversified Equity Fund Inc.'s holdings in JPMorgan Chase & Co. were worth $50,522,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Collier Financial bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Lowe Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider's stock worth $48,000 after purchasing an additional 51 shares during the last quarter. Kieckhefer Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $50,000. Finally, Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at approximately $45,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JPM. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $215.00 to $220.00 in a report on Friday, March 7th. Keefe, Bruyette & Woods boosted 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. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Barclays upped their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Finally, Bank of America raised their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $252.89.

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JPMorgan Chase & Co. Stock Up 1.2 %

NYSE:JPM traded up $2.81 during trading hours on Monday, reaching $245.66. The company had a trading volume of 13,598,748 shares, compared to its average volume of 9,360,583. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. 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 firm has a market cap of $686.89 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 2.83 and a beta of 1.10. The business's 50-day simple moving average is $257.27 and its two-hundred day simple moving average is $241.05.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $41.90 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The business's revenue was up 10.9% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed 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 represents a $5.60 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 28.37%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was 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 in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 over the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company Profile

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.