WT Wealth Management lessened its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,596 shares of the financial services provider’s stock after selling 2,131 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.0% of WT Wealth Management’s portfolio, making the stock its 26th largest position. WT Wealth Management’s holdings in JPMorgan Chase & Co. were worth $2,091,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after purchasing an additional 2,918,554 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after acquiring an additional 5,978,393 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after purchasing an additional 847,094 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock valued at $2,203,621,000 after acquiring an additional 1,058,790 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock valued at $2,536,598,000 after acquiring an additional 805,196 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $130.31 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a 50 day moving average of $136.94 and a 200-day moving average of $130.07. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market cap of $383.55 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 2.00 and a beta of 1.12.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.07%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.
Analyst Ratings Changes
Several research analysts have weighed in on JPM shares. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Royal Bank of Canada cut their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Finally, Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.28.
Insider Buying and Selling
In other news, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the transaction, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 over the last ninety days. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Profile
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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