JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623,079 shares of the financial services provider's stock after selling 7,224 shares during the period. JPMorgan Chase & Co. comprises about 3.2% of Atalanta Sosnoff Capital LLC's portfolio, making the stock its 8th biggest position. Atalanta Sosnoff Capital LLC's holdings in JPMorgan Chase & Co. were worth $149,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Redwood Park Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $29,000. Sellwood Investment Partners LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at $34,000. Investment Counsel Co. of Nevada purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $37,000. Prudent Man Investment Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $43,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JPM. KGI Securities initiated coverage on JPMorgan Chase & Co. in a research note on Sunday, April 13th. They issued a "hold" rating for the company. Evercore ISI lowered their price objective on shares of 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. StockNews.com upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Robert W. Baird upgraded 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 research report on Friday, March 7th. Finally, Bank of America decreased their price objective on 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. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $255.67.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $3.24 during mid-day trading on Tuesday, reaching $249.32. The stock had a trading volume of 6,308,903 shares, compared to its average volume of 9,629,934. The company has a market cap of $693.86 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. JPMorgan Chase & Co. has a 12-month low of $189.82 and a 12-month high of $280.25. The business has a 50-day simple moving average of $238.84 and a 200 day simple moving average of $245.05. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. The business had revenue of $45.30 billion during the quarter, compared to analysts' expectations of $43.62 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $4.44 EPS. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, April 4th. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. This trade represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares of the company's stock, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,545 shares of company stock valued at $19,149,144 over the last 90 days. Insiders own 0.47% 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.