Paragon Capital Management LLC Sells 316 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Paragon Capital Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,474 shares of the financial services provider’s stock after selling 316 shares during the period. Paragon Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $353,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of JPM. Wayfinding Financial LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,193,000. One Charles Private Wealth Services LLC grew its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. One Charles Private Wealth Services LLC now owns 12,254 shares of the financial services provider’s stock valued at $2,937,000 after buying an additional 75 shares in the last quarter. Lee Danner & Bass Inc. increased its holdings in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Lee Danner & Bass Inc. now owns 24,637 shares of the financial services provider’s stock worth $5,906,000 after buying an additional 550 shares during the last quarter. Truepoint Inc. raised its position in JPMorgan Chase & Co. by 4.1% during the fourth quarter. Truepoint Inc. now owns 2,409 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 95 shares in the last quarter. Finally, Antonelli Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $4,031,000. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on JPM. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays upped their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. Finally, Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $248.35 on Friday. The stock has a market cap of $694.41 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company has a 50 day simple moving average of $257.88 and a 200 day simple moving average of $240.12. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the company earned $3.04 EPS. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.37%.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Troy L. Rohrbaugh sold 37,500 shares of the company’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 value of $10,119,000.00. Following the completion of the transaction, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This represents a 19.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,848 shares of company stock worth $19,987,908. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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.