Ceeto Capital Group LLC Has $3.84 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Ceeto Capital Group LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,032 shares of the financial services provider’s stock after selling 1,244 shares during the period. JPMorgan Chase & Co. makes up 1.4% of Ceeto Capital Group LLC’s portfolio, making the stock its 10th largest holding. Ceeto Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,843,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in JPM. Principal Financial Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 3.2% during the third quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after buying an additional 182,648 shares during the period. Invst LLC boosted its position in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Invst LLC now owns 15,033 shares of the financial services provider’s stock valued at $3,170,000 after acquiring an additional 204 shares in the last quarter. Passumpsic Savings Bank grew its stake in JPMorgan Chase & Co. by 15.1% in the third quarter. Passumpsic Savings Bank now owns 10,753 shares of the financial services provider’s stock valued at $2,267,000 after purchasing an additional 1,407 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in JPMorgan Chase & Co. by 1.5% during the third quarter. SOA Wealth Advisors LLC. now owns 21,082 shares of the financial services provider’s stock valued at $4,445,000 after acquiring an additional 311 shares during the last quarter. Finally, Morse Asset Management Inc boosted its position in shares of JPMorgan Chase & Co. by 234.4% in the 3rd quarter. Morse Asset Management Inc now owns 7,226 shares of the financial services provider’s stock worth $1,524,000 after purchasing an additional 5,065 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $236.26 on Friday. The stock has a 50-day simple moving average of $248.89 and a 200-day simple moving average of $242.03. The firm has a market cap of $660.60 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $45.30 billion during the quarter, compared to analyst estimates of $43.62 billion. During the same period last year, the business earned $4.44 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. JPMorgan Chase & Co.’s dividend payout ratio is currently 28.37%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Bank of America decreased their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Truist Financial decreased their price target on shares of JPMorgan Chase & Co. from $268.00 to $264.00 and set a “hold” rating for the company in a report on Friday, April 4th. Evercore ISI cut their target price on JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st. Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Robert W. Baird raised JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $254.83.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the 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 completion of the sale, the general counsel now 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 position. The disclosure for this sale can be found here. Insiders sold 76,848 shares of company stock worth $19,987,908 over the last ninety days. Company insiders own 0.79% of the company’s stock.

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.