Greenwood Capital Associates LLC Has $10.42 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Greenwood Capital Associates LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,246 shares of the financial services provider’s stock after purchasing an additional 1,373 shares during the quarter. JPMorgan Chase & Co. accounts for 1.4% of Greenwood Capital Associates LLC’s holdings, making the stock its 12th largest position. Greenwood Capital Associates LLC’s holdings in JPMorgan Chase & Co. were worth $10,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morgan Stanley raised its stake in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after acquiring an additional 201,441 shares during the last quarter. FMR LLC increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the period. Wellington Management Group LLP raised its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. Capital International Investors raised its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. Finally, Norges Bank bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $6,016,878,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 15,895 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $193.66, for a total value of $3,078,225.70. Following the completion of the transaction, the chief executive officer now owns 585,898 shares of the company’s stock, valued at approximately $113,465,006.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Dimon sold 178,222 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,485 shares of company stock valued at $47,728,528. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

JPMorgan Chase & Co. stock traded up $0.12 during trading on Friday, hitting $193.78. 6,874,029 shares of the company were exchanged, compared to its average volume of 8,653,904. The company has a market capitalization of $556.47 billion, a P/E ratio of 11.70, a PEG ratio of 2.61 and a beta of 1.12. The business’s 50 day moving average is $194.90 and its 200 day moving average is $183.47. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $205.88. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (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 firm had revenue of $41.93 billion during the quarter, compared to analyst estimates of $40.90 billion. Analysts predict that JPMorgan Chase & Co. will post 16.41 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 5th will be issued a $1.15 dividend. The ex-dividend date is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.37%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on JPM shares. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Evercore ISI raised their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.10.

About JPMorgan Chase & Co.

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.