JPMorgan Chase & Co. (NYSE:JPM) Position Cut by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,810 shares of the financial services provider's stock after selling 9,540 shares during the period. JPMorgan Chase & Co. makes up approximately 1.0% of Stamos Capital Partners L.P.'s holdings, making the stock its 27th largest holding. Stamos Capital Partners L.P.'s holdings in JPMorgan Chase & Co. were worth $4,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sanders Capital LLC boosted its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Sanders Capital LLC now owns 8,250,369 shares of the financial services provider's stock worth $1,977,696,000 after purchasing an additional 55,602 shares in the last quarter. Brogan Financial Inc. grew its stake in JPMorgan Chase & Co. by 4.9% in the 4th quarter. Brogan Financial Inc. now owns 1,339 shares of the financial services provider's stock valued at $321,000 after acquiring an additional 63 shares during the last quarter. BTG Pactual Asset Management US LLC increased its holdings in 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 valued at $4,277,000 after acquiring an additional 2,702 shares in the last quarter. Granite Investment Partners LLC raised its position in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Granite Investment Partners LLC now owns 44,195 shares of the financial services provider's stock worth $10,594,000 after acquiring an additional 195 shares during the last quarter. Finally, Altman Advisors Inc. lifted its holdings 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 purchasing an additional 70 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 4,273 shares of the business's stock in a transaction on 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 transaction, the chief operating officer now owns 54,469 shares of the company's stock, valued at approximately $14,698,459.65. The trade was a 7.27 % 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 Monday, March 24th. The stock was sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. This trade represents a 2.48 % decrease in their position. 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 ninety days. Company insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Trading Down 0.7 %

JPM stock traded down $1.68 during trading on Tuesday, reaching $233.04. 10,902,541 shares of the stock traded hands, compared to its average volume of 9,642,534. The business's 50 day moving average price is $247.29 and its 200-day moving average price is $242.36. The firm has a market capitalization of $648.54 billion, a PE ratio of 11.81, a P/E/G ratio of 2.83 and a beta of 1.01. 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 52-week low of $179.20 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $43.62 billion. During the same quarter last year, the firm earned $4.44 EPS. JPMorgan Chase & Co.'s quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast 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. Shareholders of record on Friday, April 4th will be issued 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 boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on JPM shares. UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. KGI Securities started coverage on JPMorgan Chase & Co. in a report on Sunday. They issued a "hold" rating for the company. Truist Financial decreased their price objective on JPMorgan Chase & Co. from $264.00 to $251.00 and set a "hold" rating on the stock in a research note on Monday. Bank of America cut their target price on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the stock from $215.00 to $220.00 in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $254.11.

JPMorgan Chase & Co. 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.