Oak Associates Ltd. OH trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,416 shares of the financial services provider's stock after selling 7,107 shares during the period. JPMorgan Chase & Co. makes up approximately 2.4% of Oak Associates Ltd. OH's holdings, making the stock its 15th biggest holding. Oak Associates Ltd. OH's holdings in JPMorgan Chase & Co. were worth $35,097,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Tandem Wealth Advisors LLC lifted its position in JPMorgan Chase & Co. by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 2,039 shares of the financial services provider's stock worth $489,000 after buying an additional 59 shares in the last quarter. Prepared Retirement Institute LLC lifted its holdings in JPMorgan Chase & Co. by 19.8% during the 4th quarter. Prepared Retirement Institute LLC now owns 1,904 shares of the financial services provider's stock worth $457,000 after purchasing an additional 315 shares during the last quarter. Harbert Fund Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 60.0% in the fourth quarter. Harbert Fund Advisors Inc. now owns 4,000 shares of the financial services provider's stock valued at $959,000 after acquiring an additional 1,500 shares during the period. Solano Wealth Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $390,000. Finally, Argent Trust Co raised its holdings in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Argent Trust Co now owns 287,764 shares of the financial services provider's stock valued at $68,980,000 after acquiring an additional 769 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target 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. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research note on Thursday, January 16th. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a report on Tuesday, April 1st. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $254.83.
View Our Latest Analysis on JPMorgan Chase & Co.
Insiders Place Their Bets
In related news, CEO Troy L. Rohrbaugh sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $247.02, for a total value of $6,175,500.00. Following the transaction, the chief executive officer now owns 133,381 shares in the company, valued at approximately $32,947,774.62. This represents a 15.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 3,303 shares of the company'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 sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,848 shares of company stock valued at $19,987,908. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Price Performance
JPM traded up $9.15 during trading hours on Friday, hitting $236.26. The company's stock had a trading volume of 20,275,665 shares, compared to its average volume of 9,644,585. The business's 50-day moving average price is $248.89 and its 200-day moving average price is $242.03. 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 cap of $660.60 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.83 and a beta of 1.01. 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 released its earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. The business had revenue of $45.30 billion during 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 business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $4.44 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.37%. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 28.37%.
About JPMorgan Chase & Co.
(
Free Report)
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.
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