Donaldson Capital Management LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Donaldson Capital Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 341,773 shares of the financial services provider’s stock after selling 2,986 shares during the quarter. JPMorgan Chase & Co. comprises 2.6% of Donaldson Capital Management LLC’s holdings, making the stock its 12th largest position. Donaldson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $58,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nvest Financial LLC grew its holdings in JPMorgan Chase & Co. by 2.7% during the third quarter. Nvest Financial LLC now owns 16,294 shares of the financial services provider’s stock worth $2,363,000 after acquiring an additional 431 shares during the period. Worth Financial Advisory Group LLC grew its holdings in JPMorgan Chase & Co. by 2.1% during the third quarter. Worth Financial Advisory Group LLC now owns 17,224 shares of the financial services provider’s stock worth $2,498,000 after acquiring an additional 347 shares during the period. Thrive Wealth Management LLC grew its holdings in JPMorgan Chase & Co. by 5.5% during the third quarter. Thrive Wealth Management LLC now owns 7,442 shares of the financial services provider’s stock worth $1,079,000 after acquiring an additional 386 shares during the period. Sanders Morris Harris LLC grew its holdings in JPMorgan Chase & Co. by 3.2% during the third quarter. Sanders Morris Harris LLC now owns 21,005 shares of the financial services provider’s stock worth $3,033,000 after acquiring an additional 660 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in JPMorgan Chase & Co. by 12.8% during the third quarter. Ritholtz Wealth Management now owns 60,388 shares of the financial services provider’s stock worth $8,757,000 after acquiring an additional 6,852 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the sale, the insider now owns 64,783 shares in the company, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $189.44 on Tuesday. The company has a market cap of $544.09 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15. The stock’s 50 day simple moving average is $189.10 and its 200-day simple moving average is $169.57. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.43%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

Several analysts recently commented on JPM shares. Piper Sandler dropped their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Bank of America raised their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Barclays raised their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets dropped their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.