WoodTrust Financial Corp reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,607 shares of the financial services provider’s stock after selling 1,333 shares during the period. JPMorgan Chase & Co. accounts for 2.0% of WoodTrust Financial Corp’s portfolio, making the stock its 16th largest position. WoodTrust Financial Corp’s holdings in JPMorgan Chase & Co. were worth $9,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $26,000. HBC Financial Services PLLC increased its stake in shares of 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 bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $30,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $39,000. Institutional investors own 67.89% of the company’s stock.
JPMorgan Chase & Co. Stock Up 1.2 %
JPM opened at $130.31 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a market capitalization of $383.55 billion, a PE ratio of 10.79, a PEG ratio of 2.00 and a beta of 1.12. The firm’s 50 day simple moving average is $136.94 and its two-hundred day simple moving average is $130.17.
JPMorgan Chase & Co. Announces Dividend
The company 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. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.07%. JPMorgan Chase & Co.’s payout ratio is 33.11%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on JPM shares. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Barclays increased their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, March 23rd. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Finally, Royal Bank of Canada cut their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.28.
Insider Activity
In other news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold 37,887 shares of company stock worth $5,315,762 in the last three months. Company insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Company 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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