Cannell & Co. Purchases 1,563 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cannell & Co. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 83,796 shares of the financial services provider’s stock after purchasing an additional 1,563 shares during the period. Cannell & Co.’s holdings in JPMorgan Chase & Co. were worth $14,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Owen LaRue LLC grew its stake in JPMorgan Chase & Co. by 8.6% during the 4th quarter. Owen LaRue LLC now owns 27,357 shares of the financial services provider’s stock valued at $4,653,000 after purchasing an additional 2,168 shares during the last quarter. Oakwell Private Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 18.6% in the 4th quarter. Oakwell Private Wealth Management LLC now owns 5,330 shares of the financial services provider’s stock valued at $907,000 after buying an additional 837 shares during the period. PYA Waltman Capital LLC raised its holdings in JPMorgan Chase & Co. by 2.1% in the 4th quarter. PYA Waltman Capital LLC now owns 11,073 shares of the financial services provider’s stock worth $1,883,000 after purchasing an additional 229 shares during the period. Hexagon Capital Partners LLC raised its holdings in JPMorgan Chase & Co. by 12.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 6,801 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 743 shares during the period. Finally, Parthenon LLC raised its holdings in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Parthenon LLC now owns 44,746 shares of the financial services provider’s stock worth $7,611,000 after purchasing an additional 227 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $191.96 on Tuesday. The stock’s 50-day moving average is $191.58 and its two-hundred day moving average is $172.82. The firm has a market cap of $551.25 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $133.13 and a 1 year high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to analyst estimates of $40.90 billion. Analysts predict that JPMorgan Chase & Co. will post 15.98 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business 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. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at approximately $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, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,042,525 shares of company stock valued at $190,961,526. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Piper Sandler reduced their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. UBS Group lowered their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Finally, Jefferies Financial Group upped 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

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.