JPMorgan Chase & Co. (NYSE:JPM) Stake Raised by First American Trust FSB

First American Trust FSB grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,004 shares of the financial services provider’s stock after acquiring an additional 4,215 shares during the quarter. JPMorgan Chase & Co. comprises about 2.2% of First American Trust FSB’s portfolio, making the stock its 9th largest position. First American Trust FSB’s holdings in JPMorgan Chase & Co. were worth $17,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Nvest Financial LLC raised its stake in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Nvest Financial LLC now owns 16,294 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 431 shares during the period. Worth Financial Advisory Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.1% in 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 purchasing an additional 347 shares during the last quarter. Thrive Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.5% in the third quarter. Thrive Wealth Management LLC now owns 7,442 shares of the financial services provider’s stock worth $1,079,000 after purchasing an additional 386 shares during the last quarter. Sanders Morris Harris LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.2% in the third quarter. Sanders Morris Harris LLC now owns 21,005 shares of the financial services provider’s stock worth $3,033,000 after purchasing an additional 660 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in shares of JPMorgan Chase & Co. by 12.8% in the third quarter. Ritholtz Wealth Management now owns 60,388 shares of the financial services provider’s stock worth $8,757,000 after purchasing an additional 6,852 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s 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 directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last three months. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $189.44 on Tuesday. The firm has a market capitalization of $544.09 billion, a P/E ratio of 11.44, a PEG ratio of 2.34 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average price of $189.10 and a 200 day moving average price of $169.57. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94.

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 $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analysts Set New Price Targets

A number of research firms have recently commented on JPM. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Finally, UBS Group cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

About JPMorgan Chase & Co.

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.