Titleist Asset Management LLC Has $3.54 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Titleist Asset Management LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,764 shares of the financial services provider’s stock after acquiring an additional 1,317 shares during the quarter. Titleist Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Darden Wealth Group Inc raised its position in JPMorgan Chase & Co. by 11.2% during the fourth quarter. Darden Wealth Group Inc now owns 4,880 shares of the financial services provider’s stock valued at $1,170,000 after acquiring an additional 490 shares in the last quarter. Mirabaud Asset Management Ltd increased its stake in shares of JPMorgan Chase & Co. by 12.9% during the 4th quarter. Mirabaud Asset Management Ltd now owns 44,460 shares of the financial services provider’s stock worth $10,640,000 after purchasing an additional 5,094 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of JPMorgan Chase & Co. by 36.9% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 457,869 shares of the financial services provider’s stock valued at $109,756,000 after purchasing an additional 123,300 shares in the last quarter. Rahlfs Capital LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $201,000. Finally, Hurley Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $1,541,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 1.8 %

JPMorgan Chase & Co. stock opened at $214.01 on Tuesday. The business has a 50 day moving average price of $253.67 and a two-hundred day moving average price of $241.77. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. The stock has a market cap of $598.39 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the company posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be given a dividend of $1.40 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is 28.37%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,848 shares of company stock worth $19,987,908. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Bank of America reduced their target price on JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Truist Financial reduced their price objective on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating for the company in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $254.83.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.