JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Wealth Alliance

Wealth Alliance lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,949 shares of the financial services provider’s stock after selling 463 shares during the quarter. Wealth Alliance’s holdings in JPMorgan Chase & Co. were worth $2,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of JPM. Main Street Research LLC lifted its position in shares of JPMorgan Chase & Co. by 20.0% during the fourth quarter. Main Street Research LLC now owns 179,855 shares of the financial services provider’s stock worth $30,593,000 after purchasing an additional 29,974 shares in the last quarter. Riverstone Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 19.0% in the 4th quarter. Riverstone Advisors LLC now owns 1,879 shares of the financial services provider’s stock worth $320,000 after buying an additional 300 shares in the last quarter. Marino Stram & Associates LLC lifted its holdings in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Marino Stram & Associates LLC now owns 28,133 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 117 shares in the last quarter. Guerra Pan Advisors LLC boosted its position in JPMorgan Chase & Co. by 2.0% in the 4th quarter. Guerra Pan Advisors LLC now owns 18,615 shares of the financial services provider’s stock valued at $3,166,000 after buying an additional 372 shares during the last quarter. Finally, Prosperitas Financial LLC grew its stake in shares of JPMorgan Chase & Co. by 9.9% during the fourth quarter. Prosperitas Financial LLC now owns 10,301 shares of the financial services provider’s stock valued at $1,752,000 after acquiring an additional 925 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. UBS Group reduced their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Bank of America lifted 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 note on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Finally, Morgan Stanley decreased their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $192.11 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month 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. The stock has a fifty day moving average price of $189.46 and a 200 day moving average price of $169.90. The company has a market cap of $551.76 billion, a P/E ratio of 11.60, a PEG ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.39%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.