Mariner LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Mariner LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,679,863 shares of the financial services provider's stock after acquiring an additional 160,973 shares during the quarter. JPMorgan Chase & Co. comprises about 1.1% of Mariner LLC's portfolio, making the stock its 15th largest position. Mariner LLC owned 0.10% of JPMorgan Chase & Co. worth $642,380,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Cohen & Steers Inc. raised its position in shares of JPMorgan Chase & Co. by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 3,115 shares of the financial services provider's stock valued at $747,000 after purchasing an additional 158 shares during the last quarter. Peninsula Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 6.1% during the fourth quarter. Peninsula Wealth LLC now owns 2,983 shares of the financial services provider's stock worth $715,000 after buying an additional 172 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Reynders McVeigh Capital Management LLC now owns 6,324 shares of the financial services provider's stock valued at $1,516,000 after buying an additional 58 shares in the last quarter. Giverny Capital Inc. grew its position in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Giverny Capital Inc. now owns 43,862 shares of the financial services provider's stock worth $10,514,000 after purchasing an additional 538 shares during the last quarter. Finally, Barr E S & Co. grew its stake in JPMorgan Chase & Co. by 26.8% in the 4th quarter. Barr E S & Co. now owns 430,130 shares of the financial services provider's stock worth $103,106,000 after acquiring an additional 91,034 shares during the period. Institutional investors own 71.55% of the company's stock.

Analyst Ratings Changes

JPM has been the topic of several analyst reports. Evercore ISI dropped their target price 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. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research report on Sunday. They set a "hold" rating on the stock. StockNews.com cut JPMorgan Chase & Co. from a "hold" rating to a "sell" rating in a research note on Monday. Truist Financial set a $261.00 target price on JPMorgan Chase & Co. in a report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $255.67.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded up $4.31 during trading hours on Thursday, hitting $233.92. 5,296,962 shares of the company were exchanged, compared to its average volume of 9,597,915. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25. The firm has a fifty day simple moving average of $246.37 and a 200 day simple moving average of $242.27. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $650.99 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $4.44 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal 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 issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 2.39%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s payout ratio is 27.49%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares in the company, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,545 shares of company stock worth $19,149,144. 0.79% of the stock is owned by corporate insiders.

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.