JPMorgan Chase & Co. (NYSE:JPM) Position Reduced by Crystal Rock Capital Management

Crystal Rock Capital Management reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,068 shares of the financial services provider’s stock after selling 775 shares during the period. JPMorgan Chase & Co. comprises approximately 3.2% of Crystal Rock Capital Management’s holdings, making the stock its 14th biggest position. Crystal Rock Capital Management’s holdings in JPMorgan Chase & Co. were worth $4,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. RB Capital Management LLC grew its stake in JPMorgan Chase & Co. by 1.1% in the fourth quarter. RB Capital Management LLC now owns 23,886 shares of the financial services provider’s stock worth $4,063,000 after purchasing an additional 254 shares in the last quarter. Orion Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Orion Capital Management LLC now owns 9,789 shares of the financial services provider’s stock worth $1,665,000 after acquiring an additional 75 shares in the last quarter. Concord Wealth Partners grew its position in shares of JPMorgan Chase & Co. by 12.6% in the 4th quarter. Concord Wealth Partners now owns 21,869 shares of the financial services provider’s stock worth $3,720,000 after acquiring an additional 2,455 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth $49,000. Finally, Mine & Arao Wealth Creation & Management LLC. boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Mine & Arao Wealth Creation & Management LLC. now owns 20,255 shares of the financial services provider’s stock valued at $3,445,000 after buying an additional 144 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on JPM. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. UBS Group reduced 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. Finally, Morgan Stanley lowered their target price 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO James Dimon sold 821,778 shares of the company’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 completion of the sale, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s 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 $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,042,525 shares of company stock worth $190,961,526. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of NYSE:JPM opened at $191.80 on Wednesday. The stock has a market capitalization of $550.79 billion, a price-to-earnings ratio of 11.58, 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. The company has a 50 day moving average price of $191.74 and a 200 day moving average price of $173.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. The company had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, research analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS 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. Investors of record on Friday, April 5th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 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.