Brandes Investment Partners LP Acquires 18,947 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Brandes Investment Partners LP increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,332 shares of the financial services provider’s stock after acquiring an additional 18,947 shares during the period. JPMorgan Chase & Co. comprises approximately 1.3% of Brandes Investment Partners LP’s portfolio, making the stock its 29th biggest holding. Brandes Investment Partners LP’s holdings in JPMorgan Chase & Co. were worth $85,106,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC increased its position in JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the last quarter. Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $36,000. Stuart Chaussee & Associates Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $40,000. Finally, Rakuten Securities Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth $44,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $198.61 on Thursday. JPMorgan Chase & Co. has a 1 year low of $134.40 and a 1 year high of $205.88. The company has a market cap of $570.34 billion, a PE ratio of 11.97, a P/E/G ratio of 1.75 and a beta of 1.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50-day moving average is $194.32 and its 200 day moving average is $177.52.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.31 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm 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 dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $4.60 dividend on an annualized basis and a yield of 2.32%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.64, for a total value of $1,062,990.72. Following the transaction, the insider now owns 46,375 shares in the company, valued at approximately $9,304,680. The disclosure for this sale can be found here. Insiders have sold a total of 249,399 shares of company stock worth $46,713,667 in the last 90 days. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $203.00 to $209.00 and gave the stock a “market perform” rating in a research report on Tuesday. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.10.

JPMorgan Chase & Co. Profile

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.