Van ECK Associates Corp Sells 9,616 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Van ECK Associates Corp trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 28.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,168 shares of the financial services provider’s stock after selling 9,616 shares during the period. Van ECK Associates Corp’s holdings in JPMorgan Chase & Co. were worth $4,111,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the last quarter. Macroview Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $40,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $40,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM opened at $190.51 on Monday. The firm has a market cap of $547.08 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.39 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The stock has a fifty day moving average price of $191.40 and a 200-day moving average price of $172.49.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 15.98 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.41%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group reduced their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Finally, Evercore ISI increased their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last ninety days. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.