Clarus Group Inc. Sells 1,583 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Clarus Group Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 9,681 shares of the financial services provider’s stock after selling 1,583 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Clarus Group Inc.’s portfolio, making the stock its 21st largest holding. Clarus Group Inc.’s holdings in JPMorgan Chase & Co. were worth $1,647,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Macroview Investment Management LLC grew its stake in JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $40,000. Morton Brown Family Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 2,308.3% in the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 277 shares in the last quarter. FSC Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 288 shares during the period. Finally, Legacy Financial Group LLC bought a new position in JPMorgan Chase & Co. during the third quarter worth $58,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the sale, the insider now owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Ashley Bacon sold 3,368 shares of the business’s 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 sale, the insider now directly owns 202,093 shares in the company, valued at approximately $36,174,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JPM shares. Evercore ISI upped their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Piper Sandler cut their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Finally, BMO Capital Markets cut their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Trading Up 0.6 %

NYSE:JPM opened at $181.14 on Friday. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The firm has a 50-day moving average price of $188.61 and a two-hundred day moving average price of $168.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market cap of $520.25 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 2.27 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.54%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.