Shilanski & Associates Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 57.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,668 shares of the financial services provider’s stock after selling 2,294 shares during the quarter. Shilanski & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Cottage Street Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 11,378.2% during the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 4,064,396 shares in the last quarter. Barclays PLC grew its stake in shares of 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 worth $843,433,000 after purchasing an additional 3,531,637 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 worth $28,480,408,000 after purchasing an additional 2,918,554 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 worth $363,169,000 after purchasing an additional 2,628,701 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of JPMorgan Chase & Co. by 265.8% during the third quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock worth $354,426,000 after purchasing an additional 2,464,462 shares in the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Insider Buying and Selling
In other news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is currently owned by corporate insiders.
JPMorgan Chase & Co. Trading Up 1.1 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 12.73 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Wall Street Analysts Forecast Growth
JPM has been the subject of several research analyst reports. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada decreased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Monday. Finally, The Goldman Sachs Group upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.94.
JPMorgan Chase & Co. Profile
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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