Redwood Investments LLC Has $7.13 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Redwood Investments LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,752 shares of the financial services provider’s stock after selling 153 shares during the period. JPMorgan Chase & Co. accounts for about 1.9% of Redwood Investments LLC’s portfolio, making the stock its 7th largest position. Redwood Investments LLC’s holdings in JPMorgan Chase & Co. were worth $7,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Redwood Park Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $29,000. Sellwood Investment Partners LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth $34,000. Investment Counsel Co. of Nevada purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $37,000. Midwest Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Finally, Prudent Man Investment Management Inc. purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JPM shares. Truist Financial set a $261.00 price target on JPMorgan Chase & Co. in a research note on Monday, April 14th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $273.00 to $265.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 1st. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group upped their target price on JPMorgan Chase & Co. from $277.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.67.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $265.81 on Thursday. The firm has a market capitalization of $738.71 billion, a P/E ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.07. The stock has a 50-day simple moving average of $239.24 and a two-hundred day simple moving average of $246.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $190.88 and a fifty-two week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 11th. The financial services provider reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $43.62 billion. During the same period last year, the business earned $4.44 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 4th were issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 2.11%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date was Friday, April 4th. JPMorgan Chase & Co.’s payout ratio is 27.49%.

Insider Activity

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jennifer Piepszak sold 4,272 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.03, for a total transaction of $1,055,312.16. Following the completion of the transaction, the chief operating officer now owns 50,197 shares of the company’s stock, valued at approximately $12,400,164.91. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,188 shares of company stock valued at $33,095,363 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.