Giverny Capital Inc. Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Giverny Capital Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,241 shares of the financial services provider’s stock after acquiring an additional 2,722 shares during the quarter. Giverny Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $4,189,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Colonial River Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 5.2% during the fourth quarter. Colonial River Wealth Management LLC now owns 9,314 shares of the financial services provider’s stock worth $1,249,000 after acquiring an additional 460 shares during the period. Winning Points Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 1.9% during the fourth quarter. Winning Points Advisors LLC now owns 23,623 shares of the financial services provider’s stock worth $3,168,000 after acquiring an additional 450 shares during the period. Amalgamated Bank lifted its holdings in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Amalgamated Bank now owns 766,139 shares of the financial services provider’s stock worth $102,739,000 after acquiring an additional 12,299 shares during the period. Samalin Investment Counsel LLC increased its position in JPMorgan Chase & Co. by 27.8% in the fourth quarter. Samalin Investment Counsel LLC now owns 11,245 shares of the financial services provider’s stock worth $1,508,000 after buying an additional 2,447 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in JPMorgan Chase & Co. by 2.8% in the fourth quarter. Continuum Advisory LLC now owns 51,426 shares of the financial services provider’s stock worth $3,362,000 after buying an additional 1,396 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares of the company’s stock, valued at $26,373,060. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $135.00, for a total value of $2,263,410.00. Following the completion of the sale, the insider now directly owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The disclosure for this sale can be found here. Insiders sold a total of 136,578 shares of company stock valued at $18,543,247 over the last 90 days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $1.32 during midday trading on Friday, hitting $136.99. 2,679,405 shares of the company’s stock were exchanged, compared to its average volume of 12,757,546. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The stock has a 50-day moving average price of $133.88 and a two-hundred day moving average price of $135.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $400.32 billion, a P/E ratio of 10.01, a PEG ratio of 1.89 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period in the previous year, the business earned $2.63 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.52%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent research reports. Royal Bank of Canada decreased their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Piper Sandler raised their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.65.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.