JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,730 shares of the financial services provider’s stock after selling 1,562 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.9% of Carret Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Carret Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $35,652,000 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 JPM. Midwest Professional Planners LTD. boosted its stake in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Midwest Professional Planners LTD. now owns 25,953 shares of the financial services provider’s stock valued at $6,221,000 after purchasing an additional 170 shares during the last quarter. Postrock Partners LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $806,000. Analyst IMS Investment Management Services Ltd. boosted its stake in JPMorgan Chase & Co. by 19.9% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 9,247 shares of the financial services provider’s stock worth $2,217,000 after acquiring an additional 1,532 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in JPMorgan Chase & Co. by 3.5% during the 4th quarter. Alpine Woods Capital Investors LLC now owns 73,997 shares of the financial services provider’s stock worth $17,738,000 after acquiring an additional 2,522 shares during the last quarter. Finally, Northwest Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 2.1% during the 4th quarter. Northwest Wealth Management LLC now owns 7,576 shares of the financial services provider’s stock worth $1,816,000 after acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. 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. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Finally, UBS Group lifted their price objective on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the sale, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 over the last ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $241.49 on Friday. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The company has a market cap of $675.24 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.83 and a beta of 1.10. The company’s fifty day simple moving average is $257.86 and its 200 day simple moving average is $239.35. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 28.37%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.