Callahan Advisors LLC Has $23.63 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Callahan Advisors LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,921 shares of the financial services provider’s stock after acquiring an additional 1,361 shares during the quarter. JPMorgan Chase & Co. makes up about 2.7% of Callahan Advisors LLC’s investment portfolio, making the stock its 6th largest position. Callahan Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $23,630,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Valicenti Advisory Services Inc. grew its stake in shares of JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares during the period. Etfidea LLC grew its stake in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares during the period. TKG Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 6,521 shares during the period. Alley Investment Management Company LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after purchasing an additional 530 shares during the period. Finally, Allen Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 15.8% during the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after purchasing an additional 23,894 shares during the period. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. 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 research note on Thursday, January 4th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Barclays boosted their price target on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned 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 $189.11.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total transaction of $561,546.64. Following the sale, the insider now owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now owns 205,461 shares of the company’s stock, valued at approximately $34,256,512.53. The sale 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 the firm’s stock in a transaction on 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 directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 849,303 shares of company stock valued at $155,107,447 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $182.79 on Friday. JPMorgan Chase & Co. has a 12 month low of $126.83 and a 12 month high of $200.94. The stock’s 50 day moving average is $188.11 and its 200-day moving average is $167.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $524.99 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 2.48 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.57 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 15.78 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.52%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.36%.

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.