JPMorgan Chase & Co. (NYSE:JPM) is Wright Investors Service Inc.’s 6th Largest Position

Wright Investors Service Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,042 shares of the financial services provider’s stock after selling 4,483 shares during the quarter. JPMorgan Chase & Co. makes up 2.4% of Wright Investors Service Inc.’s portfolio, making the stock its 6th biggest holding. Wright Investors Service Inc.’s holdings in JPMorgan Chase & Co. were worth $8,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% during 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 in the last quarter. Macroview Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $44,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. during the 3rd quarter valued at approximately $40,000. Finally, Morton Brown Family Wealth LLC grew its holdings in JPMorgan Chase & Co. by 2,308.3% during the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after buying an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 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 transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 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 transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on JPM shares. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. UBS Group lowered their price objective 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. Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Barclays raised their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Finally, Evercore ISI raised their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Eight equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $193.08 on Thursday. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization 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. The stock has a 50 day moving average price of $189.80 and a 200 day moving average price of $170.07.

JPMorgan Chase & Co. Increases Dividend

The company 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. The ex-dividend date is Thursday, April 4th. 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 yield of 2.38%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

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.