Gratus Capital LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Gratus Capital LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 150,557 shares of the financial services provider’s stock after selling 2,069 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Gratus Capital LLC’s investment portfolio, making the stock its 15th largest holding. Gratus Capital LLC’s holdings in JPMorgan Chase & Co. were worth $25,610,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its position in JPMorgan Chase & Co. by 4.2% during the fourth quarter. Ieq Capital LLC now owns 242,630 shares of the financial services provider’s stock worth $41,271,000 after purchasing an additional 9,832 shares in the last quarter. Forum Financial Management LP increased its stake in JPMorgan Chase & Co. by 2.8% during the fourth quarter. Forum Financial Management LP now owns 91,865 shares of the financial services provider’s stock worth $15,626,000 after acquiring an additional 2,496 shares during the last quarter. USA Financial Formulas grew its stake in shares of JPMorgan Chase & Co. by 8,163.6% in the fourth quarter. USA Financial Formulas now owns 2,727 shares of the financial services provider’s stock valued at $464,000 after buying an additional 2,694 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in JPMorgan Chase & Co. by 10.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 324,830 shares of the financial services provider’s stock valued at $55,254,000 after purchasing an additional 30,202 shares during the last quarter. Finally, AlphaStar Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 41.0% in the 4th quarter. AlphaStar Capital Management LLC now owns 10,864 shares of the financial services provider’s stock worth $1,848,000 after acquiring an additional 3,159 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

JPMorgan Chase & Co. stock opened at $202.47 on Friday. JPMorgan Chase & Co. has a 12 month low of $134.40 and a 12 month high of $204.48. The stock has a market cap of $581.43 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 2.49 and a beta of 1.13. The business has a 50 day moving average price of $193.51 and a two-hundred day moving average price of $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.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 16.22 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed 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 2.27%. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Oppenheimer cut 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. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Piper Sandler lowered their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Jefferies Financial Group boosted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $193.64, for a total transaction of $984,853.04. Following the sale, the insider now owns 217,351 shares of the company’s stock, valued at $42,087,847.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold 1,071,414 shares of company stock valued at $196,746,504 in the last 90 days. 0.79% of the stock is currently owned by company 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.