Eagle Ridge Investment Management lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,201 shares of the financial services provider’s stock after selling 598 shares during the period. Eagle Ridge Investment Management’s holdings in JPMorgan Chase & Co. were worth $10,353,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of JPM. Price T Rowe Associates Inc. MD increased its holdings in shares of JPMorgan Chase & Co. by 23.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after purchasing an additional 5,978,393 shares during the period. Public Investment Fund purchased a new position in JPMorgan Chase & Co. in the second quarter worth $433,667,000. Barclays PLC boosted its position in JPMorgan Chase & Co. by 77.8% during the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after buying an additional 3,531,637 shares during the period. Vanguard Group Inc. boosted its position in JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in JPMorgan Chase & Co. by 7,427.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after buying an additional 2,628,701 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Down 0.3 %
Shares of JPM stock opened at $128.75 on Friday. The stock has a market cap of $378.96 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The stock has a fifty day moving average price of $137.04 and a 200 day moving average price of $130.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.
Analyst Ratings Changes
JPM has been the subject of a number of analyst reports. Barclays increased their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Finally, Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, February 24th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $149.28.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction dated Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 37,887 shares of company stock worth $5,315,762. Insiders own 0.79% of the company’s stock.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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