Shufro Rose & Co. LLC Has $31.89 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Shufro Rose & Co. LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,481 shares of the financial services provider’s stock after selling 1,188 shares during the quarter. JPMorgan Chase & Co. accounts for 2.9% of Shufro Rose & Co. LLC’s portfolio, making the stock its 7th largest position. Shufro Rose & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $31,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC lifted its position in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Macroview Investment Management LLC increased its stake in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $40,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $40,000. Finally, Rakuten Securities Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on 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 owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JPM. Royal Bank of Canada restated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group cut their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Piper Sandler dropped their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $190.51 on Friday. The stock has a market cap of $547.08 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.40 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The company’s fifty day moving average is $191.40 and its 200 day moving average is $172.13. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

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

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.