JPMorgan Chase & Co. (NYSE:JPM) is Blodgett Wealth Advisors LLC’s 9th Largest Position

Blodgett Wealth Advisors LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,681 shares of the financial services provider’s stock after selling 999 shares during the quarter. JPMorgan Chase & Co. comprises 2.0% of Blodgett Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Blodgett Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in JPM. TFG Advisers LLC lifted its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. TFG Advisers LLC now owns 35,239 shares of the financial services provider’s stock worth $5,110,000 after purchasing an additional 483 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 19,624 shares of the financial services provider’s stock worth $2,846,000 after purchasing an additional 81 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.0% in the third quarter. Zullo Investment Group Inc. now owns 19,899 shares of the financial services provider’s stock worth $2,886,000 after purchasing an additional 580 shares in the last quarter. MCF Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 1.9% in the third quarter. MCF Advisors LLC now owns 21,228 shares of the financial services provider’s stock worth $3,078,000 after purchasing an additional 406 shares in the last quarter. Finally, Trust Co. of Toledo NA OH lifted its position in shares of JPMorgan Chase & Co. by 5.1% in the third quarter. Trust Co. of Toledo NA OH now owns 87,432 shares of the financial services provider’s stock worth $12,679,000 after purchasing an additional 4,208 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of a number of research reports. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, UBS Group dropped their price objective on 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Get Our Latest Research Report on JPMorgan Chase & Co.

Insider Buying and Selling

In related news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 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 $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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. 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 over the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM stock opened at $191.66 on Friday. The stock has a market cap of $550.46 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 2.40 and a beta of 1.13. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The stock has a fifty day moving average price of $191.27 and a 200 day moving average price of $171.84. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

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

About JPMorgan Chase & Co.

(Free Report)

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.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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