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

Alliance Wealth Advisors LLC UT lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,827 shares of the financial services provider’s stock after selling 447 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in JPMorgan Chase & Co. were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JPM. Stone House Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares during the period. Macroview Investment Management LLC boosted 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 worth $34,000 after buying an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $40,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $40,000. Finally, Rakuten Securities Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’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 directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on JPM. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Morgan Stanley decreased their price target 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. BMO Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $190.51 on Friday. The firm has a fifty day simple moving average of $191.27 and a 200-day simple moving average of $171.84. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The stock has a market capitalization of $547.16 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 2.41 and a beta of 1.13.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

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.