Investors Asset Management of Georgia Inc. GA ADV Sells 2,499 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,697 shares of the financial services provider’s stock after selling 2,499 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.5% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 6th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in JPMorgan Chase & Co. were worth $4,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Stone House Investment Management LLC raised its position in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after buying an additional 89 shares during the last quarter. Macroview Investment Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $40,000. Rakuten Securities Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Finally, Morton Brown Family Wealth LLC boosted its holdings in JPMorgan Chase & Co. by 2,308.3% during the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 277 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of NYSE JPM opened at $193.08 on Thursday. 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 market cap of $554.54 billion, a P/E ratio of 11.66, a P/E/G ratio of 2.38 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94. The business has a 50-day simple moving average of $189.80 and a two-hundred day simple moving average of $170.07.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Analysts Set New Price Targets

Several equities research analysts have commented on JPM shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Bank of America increased their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. Barclays boosted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. UBS Group decreased their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction 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 SEC, which can be accessed through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Corporate insiders own 0.79% of the company’s stock.

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.