Everstar Asset Management LLC Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Everstar Asset Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 982 shares of the financial services provider’s stock after selling 72 shares during the period. Everstar Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 7.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 537,475 shares of the financial services provider’s stock worth $128,838,000 after purchasing an additional 39,362 shares during the last quarter. Ameraudi Asset Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $219,000. Bcwm LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $10,428,000. Walled Lake Planning & Wealth Management LLC increased its position in JPMorgan Chase & Co. by 31.0% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 10,916 shares of the financial services provider’s stock worth $2,617,000 after purchasing an additional 2,582 shares during the last quarter. Finally, United Bank raised its stake in JPMorgan Chase & Co. by 8.1% during the fourth quarter. United Bank now owns 27,405 shares of the financial services provider’s stock worth $6,569,000 after purchasing an additional 2,051 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was 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 directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 in the last 90 days. 0.79% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research reports. Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Evercore ISI cut their price objective on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Baird R W raised shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.06.

JPMorgan Chase & Co. Stock Down 7.0 %

JPM opened at $228.60 on Friday. The business has a 50 day moving average of $255.80 and a 200-day moving average of $241.27. The stock has a market capitalization of $639.18 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.83 and a beta of 1.10. 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. has a 1-year low of $179.20 and a 1-year high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.45%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.