Birch Hill Investment Advisors LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,480 shares of the financial services provider's stock after selling 4,340 shares during the period. Birch Hill Investment Advisors LLC's holdings in JPMorgan Chase & Co. were worth $19,813,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider's stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Norges Bank purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. Morgan Stanley increased its holdings in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider's stock worth $7,918,506,000 after purchasing an additional 8,088,433 shares during the period. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $1,017,893,000. Finally, Wellington Management Group LLP increased its holdings in JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider's stock worth $6,151,997,000 after purchasing an additional 4,603,090 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.
JPMorgan Chase & Co. Trading Up 0.6 %
opened at $181.14 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market capitalization of $520.25 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.26 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company's fifty day moving average price is $188.61 and its two-hundred day moving average price is $168.59.
JPMorgan Chase & Co. Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.54%. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.78%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the sale, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now owns 64,783 shares of the company's stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last three months. 0.79% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages have weighed in on JPM. Evercore ISI upped their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an "outperform" rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and upped their price target for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Piper Sandler cut their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating for the company in a research report on Monday. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, March 20th. Finally, Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.05.
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.
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