Polaris Capital Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 304,451 shares of the financial services provider's stock after selling 3,900 shares during the period. JPMorgan Chase & Co. comprises 2.5% of Polaris Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Polaris Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $51,787,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Stone House Investment Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 89 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $40,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $40,000. Finally, Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 71.55% of the company's stock.
JPMorgan Chase & Co. Stock Up 0.2 %
Shares of JPMorgan Chase & Co. stock traded up $0.36 during trading hours on Thursday, reaching $202.47. 8,461,859 shares of the company were exchanged, compared to its average volume of 9,190,676. The firm has a market cap of $581.43 billion, a PE ratio of 12.23, a PEG ratio of 2.45 and a beta of 1.13. The stock's fifty day moving average is $193.51 and its 200 day moving average is $175.61. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $204.48. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, topping the consensus estimate of $4.18 by $0.45. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The company had revenue of $41.93 billion during the quarter, compared to analysts' expectations of $40.90 billion. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.21 earnings per share for the current year.
JPMorgan Chase & Co. Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.'s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 27.78%.
Analyst Ratings Changes
JPM has been the subject of several analyst reports. Piper Sandler dropped their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an "overweight" rating for the company in a report on Monday, April 15th. UBS Group cut their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a "buy" rating for the company in a research report on Tuesday, April 16th. Morgan Stanley dropped their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an "overweight" rating for the company in a research note on Monday, April 15th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, March 20th. Finally, Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $192.05.
Read Our Latest Analysis on JPM
Insiders Place Their Bets
In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company's stock, valued at approximately $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Vice Chairman Peter Scher sold 1,810 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Dimon sold 821,778 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares of the company's stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,078,240 shares of company stock valued at $197,968,219. 0.79% of the stock is owned by corporate insiders.
About JPMorgan Chase & Co.
(
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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