JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Oder Investment Management LLC

Oder Investment Management LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,931 shares of the financial services provider’s stock after selling 218 shares during the period. JPMorgan Chase & Co. makes up 2.0% of Oder Investment Management LLC’s portfolio, making the stock its 13th biggest position. Oder Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,030,000 at the end of the most recent quarter.

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

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of NYSE:JPM opened at $191.96 on Tuesday. The company has a 50 day moving average of $191.58 and a 200-day moving average of $172.82. The firm has a market cap of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a twelve month low of $133.13 and a twelve month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

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

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The disclosure for this sale can be found here. In the last three months, insiders sold 1,042,525 shares of company stock valued at $190,961,526. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JPM. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.05.

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.