Centaurus Financial Inc. Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Centaurus Financial Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,019 shares of the financial services provider's stock after buying an additional 8,107 shares during the quarter. JPMorgan Chase & Co. comprises 0.7% of Centaurus Financial Inc.'s portfolio, making the stock its 29th biggest holding. Centaurus Financial Inc.'s holdings in JPMorgan Chase & Co. were worth $11,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in JPMorgan Chase & Co. by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 4,450,775 shares of the financial services provider's stock valued at $938,491,000 after buying an additional 319,730 shares during the last quarter. Capital & Planning LLC boosted its position in shares of JPMorgan Chase & Co. by 13.3% during the 4th quarter. Capital & Planning LLC now owns 2,357 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 276 shares during the last quarter. D.B. Root & Company LLC boosted its position in shares of JPMorgan Chase & Co. by 6.0% during the 4th quarter. D.B. Root & Company LLC now owns 3,221 shares of the financial services provider's stock valued at $772,000 after acquiring an additional 182 shares during the last quarter. MinichMacGregor Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 13.2% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 5,307 shares of the financial services provider's stock valued at $1,272,000 after acquiring an additional 619 shares during the last quarter. Finally, Peterson Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 4.9% during the 4th quarter. Peterson Wealth Advisors LLC now owns 1,891 shares of the financial services provider's stock valued at $460,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 40,014 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $250.77, for a total value of $10,034,310.78. Following the transaction, the chief financial officer now owns 18,017 shares in the company, valued at $4,518,123.09. The trade was a 68.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $246.92, for a total value of $308,650.00. Following the completion of the transaction, the insider now owns 49,127 shares in the company, valued at $12,130,438.84. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,594 shares of company stock worth $23,991,061 over the last three months. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Down 0.7%

Shares of NYSE:JPM traded down $1.83 on Wednesday, hitting $263.46. 5,524,614 shares of the company's stock were exchanged, compared to its average volume of 9,571,728. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25. The stock has a market capitalization of $732.18 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07. The business's 50 day simple moving average is $245.28 and its two-hundred day simple moving average is $248.79. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 3rd will be issued a $1.40 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 annualized dividend and a dividend yield of 2.13%. JPMorgan Chase & Co.'s payout ratio is currently 27.49%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JPM shares. Morgan Stanley raised their price target on JPMorgan Chase & Co. from $235.00 to $236.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and set a $295.00 price objective (up from $260.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 20th. Baird R W raised shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a research note on Friday, March 7th. Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an "outperform" rating for the company in a research note on Tuesday, April 1st. Finally, TD Securities lifted their price objective on shares of JPMorgan Chase & Co. from $305.00 to $315.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of "Moderate Buy" and an average price target of $266.65.

JPMorgan Chase & Co. Company 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.