JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 32.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,269 shares of the financial services provider’s stock after selling 600 shares during the quarter. Prentiss Smith & Co. Inc.’s holdings in JPMorgan Chase & Co. were worth $216,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Stone House Investment Management LLC boosted its stake in shares of 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 period. Macroview Investment Management LLC raised its holdings in 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 acquiring an additional 235 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $40,000. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $44,000. 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 worth $49,000 after acquiring an additional 277 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction 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 $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the completion of the sale, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. BMO Capital Markets cut their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock opened at $191.86 on Thursday. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $191.10 and its two-hundred day moving average is $171.70. The company has a market capitalization of $551.04 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

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.