AHL Investment Management Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,414 shares of the financial services provider’s stock after selling 265 shares during the quarter. JPMorgan Chase & Co. makes up 4.2% of AHL Investment Management Inc.’s investment portfolio, making the stock its 5th largest holding. AHL Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $4,481,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. HBC Financial Services PLLC grew its position in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at $30,000. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter worth $39,000. Finally, Parkwood LLC raised its holdings in shares of JPMorgan Chase & Co. by 7.1% during the second quarter. Parkwood LLC now owns 43,703 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 2,885 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
JPM opened at $124.91 on Friday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The firm has a market capitalization of $367.65 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.12. The stock’s 50 day moving average price is $137.83 and its two-hundred day moving average price is $129.78. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.
Insider Activity at JPMorgan Chase & Co.
In other news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the transaction, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,887 shares of company stock worth $5,315,762. Company insiders own 0.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $148.00 to $155.00 in a research note on Monday, March 13th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Finally, Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.28.
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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