Capital Investment Counsel Inc Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Capital Investment Counsel Inc boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,807 shares of the financial services provider’s stock after purchasing an additional 663 shares during the period. Capital Investment Counsel Inc’s holdings in JPMorgan Chase & Co. were worth $1,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JPM. International Assets Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $1,017,893,000. Wellington Management Group LLP lifted its position in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the third quarter valued at about $253,076,000. Cerity Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 155.2% in the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after acquiring an additional 1,366,360 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of JPMorgan Chase & Co. by 3,025.7% in the third quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after acquiring an additional 1,226,905 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM stock opened at $190.51 on Friday. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The stock has a market capitalization of $547.08 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. 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’s fifty day simple moving average is $191.40 and its two-hundred day simple moving average is $172.13.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.41%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JPM shares. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days. 0.79% of the stock is owned by company insiders.

About JPMorgan Chase & Co.

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.