JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Torray Investment Partners LLC

Torray Investment Partners LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,820 shares of the financial services provider’s stock after selling 339 shares during the period. JPMorgan Chase & Co. makes up 2.8% of Torray Investment Partners LLC’s investment portfolio, making the stock its 5th largest position. Torray Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $17,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $1,017,893,000. Wellington Management Group LLP grew its stake in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth $253,076,000. Cerity Partners LLC raised its position in JPMorgan Chase & Co. by 155.2% in the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after purchasing an additional 1,366,360 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of JPMorgan Chase & Co. by 3,025.7% in the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after buying an additional 1,226,905 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.1 %

JPM opened at $204.79 on Friday. JPMorgan Chase & Co. has a 52 week low of $134.40 and a 52 week high of $205.05. The business has a 50 day moving average price of $193.84 and a two-hundred day moving average price of $176.33. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $588.09 billion, a PE ratio of 12.37, a P/E/G ratio of 2.52 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping 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 firm had revenue of $41.93 billion during the quarter, compared to the consensus estimate of $40.90 billion. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 16.22 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.25%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total value of $716,340.80. Following the completion of the sale, the insider now owns 44,996 shares in the company, valued at $8,222,569.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.74, for a total transaction of $716,340.80. Following the completion of the transaction, the insider now owns 44,996 shares of the company’s stock, valued at approximately $8,222,569.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,071,414 shares of company stock worth $196,746,504 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. Evercore ISI upped 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 note on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Piper Sandler cut their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Finally, Oppenheimer dropped their price objective 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Read Our Latest Report on JPMorgan Chase & Co.

About JPMorgan Chase & Co.

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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