Van Lanschot Kempen Investment Management N.V. Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Van Lanschot Kempen Investment Management N.V. cut its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,485 shares of the financial services provider's stock after selling 21,500 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in JPMorgan Chase & Co. were worth $43,264,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WPWealth LLP raised its holdings in JPMorgan Chase & Co. by 85.5% during the 4th quarter. WPWealth LLP now owns 1,994 shares of the financial services provider's stock worth $478,000 after buying an additional 919 shares during the period. Wealth Dimensions Group Ltd. increased its stake in shares of JPMorgan Chase & Co. by 19.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 6,421 shares of the financial services provider's stock worth $1,539,000 after acquiring an additional 1,024 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of JPMorgan Chase & Co. by 5.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 966,485 shares of the financial services provider's stock worth $231,927,000 after purchasing an additional 46,809 shares in the last quarter. Tower Research Capital LLC TRC raised its position in JPMorgan Chase & Co. by 41.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 169,238 shares of the financial services provider's stock valued at $40,568,000 after acquiring an additional 49,897 shares in the last quarter. Finally, Tikehau Investment Management acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $1,951,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company'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 completion of the sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,545 shares of company stock worth $19,149,144. Corporate insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Performance

JPM stock traded up $5.32 during mid-day trading on Wednesday, hitting $240.91. The company had a trading volume of 14,124,026 shares, compared to its average volume of 9,614,935. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market cap of $670.46 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 12 month low of $188.46 and a 12 month high of $280.25. The stock's fifty day moving average price is $242.98 and its two-hundred day moving average price is $243.17.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to the consensus estimate of $43.62 billion. During the same quarter in the prior year, the company earned $4.44 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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 dividend yield of 2.32%. The ex-dividend date is Friday, April 4th. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays raised their target price 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. UBS Group lifted their price target on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, April 14th. KGI Securities assumed coverage on JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a "hold" rating for the company. Finally, Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $255.67.

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.