Adams Diversified Equity Fund Inc. Has $50.52 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Adams Diversified Equity Fund Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 19.9% in the 4th quarter, HoldingsChannel reports. The fund owned 210,763 shares of the financial services provider’s stock after selling 52,200 shares during the period. JPMorgan Chase & Co. accounts for about 1.9% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 9th biggest position. Adams Diversified Equity Fund Inc.’s holdings in JPMorgan Chase & Co. were worth $50,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. One Charles Private Wealth Services LLC increased 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 worth $2,937,000 after purchasing an additional 75 shares in the last quarter. Lee Danner & Bass Inc. lifted its stake in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Lee Danner & Bass Inc. now owns 24,637 shares of the financial services provider’s stock valued at $5,906,000 after buying an additional 550 shares in the last quarter. Truepoint Inc. boosted its holdings in JPMorgan Chase & Co. by 4.1% in the 4th quarter. Truepoint Inc. now owns 2,409 shares of the financial services provider’s stock worth $577,000 after buying an additional 95 shares during the period. Antonelli Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $4,031,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in JPMorgan Chase & Co. by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306,563 shares of the financial services provider’s stock valued at $73,486,000 after acquiring an additional 11,502 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $248.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $694.41 billion, a P/E ratio of 12.58, a PEG ratio of 2.83 and a beta of 1.10. The stock has a 50-day moving average price of $257.88 and a 200-day moving average price of $240.12. JPMorgan Chase & Co. has a 12-month low of $179.20 and a 12-month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.04 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling

In other news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $246.92, for a total value of $308,650.00. Following the transaction, the insider now owns 49,127 shares in the company, valued at approximately $12,130,438.84. The trade was a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 76,848 shares of company stock worth $19,987,908 in the last 90 days. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on JPM. UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Barclays upped their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $252.89.

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.