JPMorgan Chase & Co. (NYSE:JPM) Position Increased by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,353 shares of the financial services provider’s stock after buying an additional 113 shares during the quarter. Absolute Gestao de Investimentos Ltda.’s holdings in JPMorgan Chase & Co. were worth $324,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Accredited Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $795,000. AlTi Global Inc. grew its position in JPMorgan Chase & Co. by 6.8% in the 4th quarter. AlTi Global Inc. now owns 34,372 shares of the financial services provider’s stock worth $8,514,000 after purchasing an additional 2,176 shares during the last quarter. Alaethes Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 13,893 shares of the financial services provider’s stock valued at $3,330,000 after purchasing an additional 92 shares during the period. All Terrain Financial Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. All Terrain Financial Advisors LLC now owns 15,522 shares of the financial services provider’s stock valued at $3,721,000 after buying an additional 176 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $10,512,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the completion of the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $246.92, for a total transaction of $308,650.00. Following the transaction, the insider now directly owns 49,127 shares in the company, valued at $12,130,438.84. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,545 shares of company stock worth $19,149,144 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.3 %

NYSE:JPM opened at $252.56 on Friday. The stock has a fifty day simple moving average of $238.97 and a 200 day simple moving average of $244.57. The firm has a market capitalization of $702.87 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. JPMorgan Chase & Co. has a 1-year low of $188.46 and a 1-year high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping 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 company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the company posted $4.44 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th were paid 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 yield of 2.22%. The ex-dividend date of this dividend was Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Analyst Ratings Changes

JPM has been the topic of several recent analyst reports. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. KGI Securities assumed coverage on shares of JPMorgan Chase & Co. in a research report on Sunday, April 13th. They issued a “hold” rating for the company. Bank of America dropped their price target on shares of JPMorgan Chase & Co. from $285.00 to $284.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $255.67.

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.