High Note Wealth LLC Sells 472 Shares of JPMorgan Chase & Co. (NYSE:JPM)

High Note Wealth LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,610 shares of the financial services provider’s stock after selling 472 shares during the period. JPMorgan Chase & Co. accounts for 1.6% of High Note Wealth LLC’s portfolio, making the stock its 21st largest holding. High Note Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $4,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Columbia Trust Co 01012016 grew its holdings in JPMorgan Chase & Co. by 9.6% during the 4th quarter. Columbia Trust Co 01012016 now owns 23,847 shares of the financial services provider’s stock worth $4,056,000 after acquiring an additional 2,087 shares during the period. San Luis Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $204,000. Gemmer Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 3.2% during the 4th quarter. Gemmer Asset Management LLC now owns 3,086 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 96 shares during the period. Waterway Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $510,000. Finally, jvl associates llc acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $203,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JPM. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Barclays upped their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $181.63.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $200.29 on Friday. The company’s 50 day moving average price is $182.22 and its two-hundred day moving average price is $163.62. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.72. The firm has a market cap of $576.91 billion, a PE ratio of 12.35, a PEG ratio of 2.49 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. During the same quarter in the previous year, the company earned $3.57 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post 15.75 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $166.59, for a total transaction of $274,706.91. Following the transaction, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,649 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $166.59, for a total transaction of $274,706.91. Following the sale, the chief executive officer now owns 34,467 shares in the company, valued at approximately $5,741,857.53. The disclosure for this sale can be found here. Insiders have sold a total of 849,303 shares of company stock worth $155,107,447 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.