Atlas Wealth LLC Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

Atlas Wealth LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,604 shares of the financial services provider’s stock after selling 275 shares during the period. JPMorgan Chase & Co. comprises approximately 2.6% of Atlas Wealth LLC’s portfolio, making the stock its 12th largest position. Atlas Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $6,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mindset Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Mindset Wealth Management LLC now owns 2,204 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 50 shares during the period. Wealth Advisors of Iowa LLC lifted its position in shares of JPMorgan Chase & Co. by 8.1% during the fourth quarter. Wealth Advisors of Iowa LLC now owns 3,099 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 231 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,193,000. One Charles Private Wealth Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. One Charles Private Wealth Services LLC now owns 12,254 shares of the financial services provider’s stock valued at $2,937,000 after purchasing an additional 75 shares in the last quarter. Finally, Lee Danner & Bass Inc. grew its holdings in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Lee Danner & Bass Inc. now owns 24,637 shares of the financial services provider’s stock valued at $5,906,000 after purchasing an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the completion of the sale, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JPM. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Finally, Bank of America lifted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.89.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $248.35 on Friday. The company has a fifty day moving average of $257.88 and a two-hundred day moving average of $240.12. The company has a market capitalization of $694.41 billion, a PE ratio of 12.58, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 2.25%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

About JPMorgan Chase & Co.

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.