Keating Investment Counselors Inc. Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Keating Investment Counselors Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,225 shares of the financial services provider’s stock after selling 125 shares during the quarter. Keating Investment Counselors Inc.’s holdings in JPMorgan Chase & Co. were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smith Salley & Associates increased its stake in JPMorgan Chase & Co. by 2.9% in the third quarter. Smith Salley & Associates now owns 221,128 shares of the financial services provider’s stock worth $32,068,000 after purchasing an additional 6,246 shares during the period. Gradient Investments LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Gradient Investments LLC now owns 246,294 shares of the financial services provider’s stock worth $35,718,000 after buying an additional 5,608 shares during the period. Parcion Private Wealth LLC grew its position in shares of JPMorgan Chase & Co. by 1.9% during the 3rd quarter. Parcion Private Wealth LLC now owns 40,912 shares of the financial services provider’s stock worth $5,933,000 after buying an additional 767 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $71,927,000. Finally, Sycomore Asset Management increased its stake in shares of JPMorgan Chase & Co. by 22.6% during the third quarter. Sycomore Asset Management now owns 3,000 shares of the financial services provider’s stock valued at $437,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.74, for a total value of $716,340.80. Following the sale, the insider now owns 44,996 shares in the company, valued at approximately $8,222,569.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total value of $716,340.80. Following the completion of the sale, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,071,414 shares of company stock worth $196,746,504. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $202.47 on Friday. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $204.48. The business’s 50 day moving average price is $193.51 and its 200 day moving average price is $175.61. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of $581.43 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.49 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The business had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.22 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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 an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.27%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. UBS Group dropped their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Piper Sandler cut their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Oppenheimer dropped their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

View Our Latest Analysis on JPMorgan Chase & Co.

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.

See Also

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

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