Stone Point Wealth LLC Has $6.06 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stone Point Wealth LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,640 shares of the financial services provider’s stock after selling 1,709 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.3% of Stone Point Wealth LLC’s portfolio, making the stock its 6th biggest position. Stone Point Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $6,062,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $256,000. Harbour Trust & Investment Management Co purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $15,670,000. Hemington Wealth Management boosted its stake in JPMorgan Chase & Co. by 13.9% during the 4th quarter. Hemington Wealth Management now owns 10,518 shares of the financial services provider’s stock valued at $1,789,000 after purchasing an additional 1,285 shares during the last quarter. Rainsberger Wealth Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Rainsberger Wealth Advisors Inc. now owns 10,570 shares of the financial services provider’s stock valued at $1,798,000 after purchasing an additional 110 shares during the last quarter. Finally, Optas LLC boosted its stake in JPMorgan Chase & Co. by 0.7% during the 4th quarter. Optas LLC now owns 11,392 shares of the financial services provider’s stock valued at $1,938,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now directly owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $182.90 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The business’s 50-day simple moving average is $188.28 and its two-hundred day simple moving average is $168.17. The stock has a market cap of $525.31 billion, a PE ratio of 11.04, a P/E/G ratio of 2.32 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to the consensus estimate of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $3.57 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 15.78 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.52%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Barclays raised their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Bank of America raised their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.56.

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.