Highview Capital Management LLC DE Acquires 147 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Highview Capital Management LLC DE grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,438 shares of the financial services provider’s stock after acquiring an additional 147 shares during the period. JPMorgan Chase & Co. comprises approximately 1.0% of Highview Capital Management LLC DE’s portfolio, making the stock its 27th biggest holding. Highview Capital Management LLC DE’s holdings in JPMorgan Chase & Co. were worth $1,946,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Cantor Fitzgerald Investment Advisor L.P raised its holdings in JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter worth $2,455,000. LSV Asset Management increased its position in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Piper Sandler reduced 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, April 15th. UBS Group dropped their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Up 2.5 %

JPMorgan Chase & Co. stock opened at $185.80 on Friday. 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 firm has a market cap of $533.63 billion, a P/E ratio of 11.22, a P/E/G ratio of 2.26 and a beta of 1.15. The business has a fifty day moving average of $188.83 and a two-hundred day moving average of $168.88. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.48%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.