JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,610 shares of the financial services provider’s stock after selling 554 shares during the quarter. JPMorgan Chase & Co. accounts for 5.0% of Cordatus Wealth Management LLC’s holdings, making the stock its 4th largest holding. Cordatus Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC boosted its holdings in JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the third quarter valued at $40,000. FSC Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock worth $56,000 after buying an additional 288 shares during the last quarter. Legacy Financial Group LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth about $58,000. Finally, Robbins Farley lifted its holdings in JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock worth $61,000 after buying an additional 96 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of JPM stock opened at $199.52 on Thursday. JPMorgan Chase & Co. has a 1-year low of $126.22 and a 1-year high of $200.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.91. The business’s fifty day moving average price is $181.58 and its 200 day moving average price is $163.37. The firm has a market capitalization of $574.69 billion, a PE ratio of 12.30, a P/E/G ratio of 2.46 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The business had revenue of $38.57 billion during the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. JPMorgan Chase & Co.’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $3.57 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 15.84 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is 28.36%.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating for the company in a report on Tuesday, March 19th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $181.63.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the completion of the sale, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 in the last 90 days. 0.79% of the stock is currently owned by insiders.

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.