Shorepoint Capital Partners LLC Has $13.17 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Shorepoint Capital Partners LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,938 shares of the financial services provider's stock after selling 1,718 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.0% of Shorepoint Capital Partners LLC's investment portfolio, making the stock its 6th largest holding. Shorepoint Capital Partners LLC's holdings in JPMorgan Chase & Co. were worth $13,169,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mission Creek Capital Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 62.8% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 56,739 shares of the financial services provider's stock worth $13,601,000 after purchasing an additional 21,877 shares during the period. Oak Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $237,000. Berger Financial Group Inc grew its stake in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Berger Financial Group Inc now owns 12,298 shares of the financial services provider's stock valued at $2,948,000 after acquiring an additional 114 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its stake in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 13,207 shares of the financial services provider's stock valued at $3,166,000 after acquiring an additional 206 shares during the period. Finally, Prosperity Consulting Group LLC grew its stake in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Prosperity Consulting Group LLC now owns 45,689 shares of the financial services provider's stock valued at $10,952,000 after acquiring an additional 626 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a research report on Thursday, January 16th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 target price on the stock in a report on Friday, January 3rd. Truist Financial set a $261.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, April 14th. Baird R W upgraded shares of JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Bank of America decreased their price objective on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of "Hold" and a consensus target price of $255.67.

JPMorgan Chase & Co. Stock Performance

JPM traded up $2.59 during trading on Thursday, reaching $247.21. 3,935,987 shares of the company were exchanged, compared to its average volume of 9,627,300. The stock has a market cap of $687.98 billion, a P/E ratio of 12.52, a PEG ratio of 2.83 and a beta of 1.01. The firm has a 50 day moving average of $239.35 and a 200 day moving average of $244.19. 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 52 week low of $188.46 and a 52 week high of $280.25.

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

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 4th were issued a dividend of $1.40 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.49%.

Insider Buying and Selling

In other news, COO Jennifer Piepszak sold 4,273 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares of the company's stock, valued at $14,698,459.65. The trade was a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.84, for a total value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,545 shares of company stock valued at $19,149,144. Company 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.