Evergreen Wealth Solutions LLC Decreases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Evergreen Wealth Solutions LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,432 shares of the financial services provider’s stock after selling 301 shares during the period. JPMorgan Chase & Co. comprises approximately 1.5% of Evergreen Wealth Solutions LLC’s investment portfolio, making the stock its 13th largest position. Evergreen Wealth Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $1,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC increased its position 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 worth $27,000 after purchasing an additional 89 shares during the last quarter. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $35,000. Stuart Chaussee & Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. Rakuten Securities Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.3 %

Shares of JPM stock opened at $202.16 on Thursday. JPMorgan Chase & Co. has a 1 year low of $133.96 and a 1 year high of $202.69. The firm has a market capitalization of $580.54 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. The stock has a fifty day moving average of $193.22 and a two-hundred day moving average of $175.42. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.21 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JPM shares. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Finally, Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Get Our Latest Stock Report on JPMorgan Chase & Co.

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold 1,078,240 shares of company stock worth $197,968,219 over the last three months. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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