JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Increased by Mine & Arao Wealth Creation & Management LLC.

Mine & Arao Wealth Creation & Management LLC. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the fourth quarter, Holdings Channel reports. The fund owned 20,255 shares of the financial services provider’s stock after buying an additional 144 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 9th largest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in JPMorgan Chase & Co. were worth $3,445,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Victory Capital Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 9.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,003,422 shares of the financial services provider’s stock valued at $510,882,000 after purchasing an additional 260,916 shares in the last quarter. Berry Wealth Group LP purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $5,091,000. Cannell & Co. boosted its stake in shares of JPMorgan Chase & Co. by 1.9% in the fourth quarter. Cannell & Co. now owns 83,796 shares of the financial services provider’s stock worth $14,254,000 after acquiring an additional 1,563 shares during the last quarter. Owen LaRue LLC increased its position in shares of JPMorgan Chase & Co. by 8.6% during the fourth quarter. Owen LaRue LLC now owns 27,357 shares of the financial services provider’s stock worth $4,653,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Oakwell Private Wealth Management LLC raised its stake in 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 purchasing an additional 837 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. 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 report on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Oppenheimer reduced their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling

In related news, insider Elena A. Korablina sold 21,829 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $190.91, for a total value of $4,167,374.39. Following the completion of the transaction, the insider now owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO James Dimon sold 821,778 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 $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Elena A. Korablina sold 21,829 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the sale, the insider now directly owns 6,484 shares in the company, valued at approximately $1,237,860.44. The disclosure for this sale can be found here. Over the last ninety days, 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. Price Performance

JPMorgan Chase & Co. stock opened at $191.80 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 52-week low of $133.13 and a 52-week high of $200.94. The firm has a market cap of $550.79 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. The company’s 50 day moving average is $191.74 and its two-hundred day moving average is $173.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, research analysts expect that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were given a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This is an increase 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%. JPMorgan Chase & Co.’s payout ratio 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.