Cercano Management LLC Acquires 121,591 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cercano Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4,997.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 124,024 shares of the financial services provider's stock after purchasing an additional 121,591 shares during the period. Cercano Management LLC's holdings in JPMorgan Chase & Co. were worth $29,730,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Disciplined Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $217,000. LGT Group Foundation raised its stake in JPMorgan Chase & Co. by 2.8% in the fourth quarter. LGT Group Foundation now owns 525,801 shares of the financial services provider's stock worth $126,040,000 after buying an additional 14,300 shares in the last quarter. Kinsale Capital Group Inc. lifted its holdings in JPMorgan Chase & Co. by 11.1% in the fourth quarter. Kinsale Capital Group Inc. now owns 43,732 shares of the financial services provider's stock worth $10,483,000 after buying an additional 4,375 shares during the period. Jag Capital Management LLC boosted its position in JPMorgan Chase & Co. by 10.5% during the 4th quarter. Jag Capital Management LLC now owns 1,474 shares of the financial services provider's stock valued at $353,000 after acquiring an additional 140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Chase & Co. by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock worth $938,491,000 after acquiring an additional 319,730 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research report on Monday, April 14th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research note on Sunday, April 13th. They set a "hold" rating on the stock. Evercore ISI dropped their price target 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. Finally, Barclays increased their price objective on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $255.67.

Insider Buying and Selling

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $250.00, for a total transaction of $2,375,000.00. Following the completion of the transaction, the director now owns 91,539 shares in the company, valued at approximately $22,884,750. This represents a 9.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction 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 completion of the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents 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 129,188 shares of company stock valued at $33,095,363. Corporate insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded up $0.03 on Wednesday, reaching $249.28. 8,724,087 shares of the stock were exchanged, compared to its average volume of 9,641,127. 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. has a one year low of $190.88 and a one year high of $280.25. The firm has a market capitalization of $693.75 billion, a PE ratio of 12.63, a PEG ratio of 2.83 and a beta of 1.07. The company's 50-day simple moving average is $238.34 and its two-hundred day simple moving average is $245.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, beating 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 firm had revenue of $45.30 billion for the quarter, compared to the consensus estimate of $43.62 billion. During the same period last year, the firm earned $4.44 EPS. The company's revenue was up 8.0% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. Profile

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.