Baron Silver Stevens Financial Advisors LLC Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Baron Silver Stevens Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,805 shares of the financial services provider’s stock after purchasing an additional 472 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,157,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Lebenthal Global Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 13.0% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,319 shares of the financial services provider’s stock valued at $1,245,000 after purchasing an additional 842 shares during the period. American Planning Services Inc. boosted its stake in shares of JPMorgan Chase & Co. by 10.7% during the fourth quarter. American Planning Services Inc. now owns 2,069 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 200 shares during the period. Mount Lucas Management LP purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $2,916,000. Smithfield Trust Co lifted its stake in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Smithfield Trust Co now owns 29,139 shares of the financial services provider’s stock worth $4,952,000 after acquiring an additional 324 shares during the period. Finally, Van Hulzen Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 47.7% in the fourth quarter. Van Hulzen Asset Management LLC now owns 71,211 shares of the financial services provider’s stock worth $12,113,000 after acquiring an additional 23,001 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 11,734 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the transaction, the chief executive officer now owns 122,740 shares of the company’s stock, valued at $24,550,454.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Marianne Lake sold 11,734 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $200.02, for a total transaction of $2,347,034.68. Following the completion of the sale, the chief executive officer now owns 122,740 shares in the company, valued at $24,550,454.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,078,240 shares of company stock valued at $197,968,219 over the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $201.51 on Wednesday. The stock has a 50-day simple moving average of $192.71 and a 200-day simple moving average of $174.77. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $578.67 billion, a PE ratio of 12.17, a PEG ratio of 2.45 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $133.96 and a 1 year high of $201.58.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its 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. The firm had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. On average, analysts predict that JPMorgan Chase & Co. will post 16.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. This is a positive change 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 yield of 2.28%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JPM shares. Piper Sandler lowered their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Evercore ISI upped their price objective 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. Oppenheimer lowered their price objective on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective 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. Finally, Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Check Out Our Latest Research Report on JPM

JPMorgan Chase & Co. Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMFree Report).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.