Easterly Investment Partners LLC Cuts Position in JPMorgan Chase & Co. (NYSE:JPM)

Easterly Investment Partners LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 108,981 shares of the financial services provider's stock after selling 7,038 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.1% of Easterly Investment Partners LLC's portfolio, making the stock its 3rd largest holding. Easterly Investment Partners LLC's holdings in JPMorgan Chase & Co. were worth $26,124,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Sellwood Investment Partners LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $34,000. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Legacy Investment Solutions LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth about $45,000. Collier Financial bought a new position in JPMorgan Chase & Co. during the fourth quarter worth about $45,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 34.0% in 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 in the last quarter. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $18.60 during trading hours on Friday, reaching $210.09. 27,144,537 shares of the stock traded hands, compared to its average volume of 9,480,903. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a market cap of $587.43 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The stock has a 50 day simple moving average of $254.71 and a two-hundred day simple moving average of $241.51. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

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JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $3.04 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.67%. 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 presently 28.37%.

Analyst Ratings Changes

Several research analysts recently commented on JPM shares. 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 report on Friday, January 3rd. Bank of America cut their price target on JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group lifted their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Baird R W raised JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Evercore ISI reduced their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $254.83.

Insiders Place Their Bets

In other news, COO Jennifer Piepszak sold 4,273 shares of the 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 completion of the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. 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 value of $10,119,000.00. Following the transaction, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at $42,737,529.04. The trade was a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock valued at $19,987,908 over the last three months. Insiders own 0.79% of the company's stock.

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.