Sustainable Insight Capital Management LLC Grows Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sustainable Insight Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,895 shares of the financial services provider’s stock after purchasing an additional 6,147 shares during the quarter. JPMorgan Chase & Co. makes up 2.4% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Sustainable Insight Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,488,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. FCG Investment Co grew its holdings in JPMorgan Chase & Co. by 5.6% during the 4th quarter. FCG Investment Co now owns 19,228 shares of the financial services provider’s stock valued at $4,609,000 after buying an additional 1,021 shares in the last quarter. Lifestyle Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 4.4% during the 4th quarter. Lifestyle Asset Management Inc. now owns 1,083 shares of the financial services provider’s stock valued at $260,000 after buying an additional 46 shares in the last quarter. Spinnaker Investment Group LLC grew its holdings in JPMorgan Chase & Co. by 3.1% during the 4th quarter. Spinnaker Investment Group LLC now owns 5,049 shares of the financial services provider’s stock valued at $1,210,000 after buying an additional 152 shares in the last quarter. Apeiron RIA LLC grew its holdings in JPMorgan Chase & Co. by 6.6% during the 4th quarter. Apeiron RIA LLC now owns 2,798 shares of the financial services provider’s stock valued at $671,000 after buying an additional 173 shares in the last quarter. Finally, Secure Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Secure Asset Management LLC now owns 15,493 shares of the financial services provider’s stock valued at $3,714,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JPM. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Bank of America raised their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.4 %

Shares of NYSE JPM opened at $266.94 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $246.08 and a two-hundred day simple moving average of $226.92. The firm has a market cap of $751.53 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $171.30 and a twelve month high of $267.33.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. Analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.