Jeppson Wealth Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,903 shares of the financial services provider’s stock after selling 684 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Jeppson Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,133,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Cottage Street Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 11,378.2% in the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after purchasing an additional 4,064,396 shares during the last quarter. Barclays PLC boosted its holdings in JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. boosted its holdings in JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in JPMorgan Chase & Co. by 265.8% in the 3rd quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after purchasing an additional 2,464,462 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of JPM opened at $138.73 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm’s 50 day moving average price is $134.94 and its 200 day moving average price is $131.13. 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 $406.68 billion, a P/E ratio of 11.48, a PEG ratio of 2.01 and a beta of 1.10.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.
Analyst Ratings Changes
Several equities analysts have weighed in on JPM shares. Wells Fargo & Company upgraded shares of 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 report on Monday, March 13th. Barclays decreased their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a report on Wednesday, April 5th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Finally, Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.88.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, Director Mellody L. Hobson acquired 375 shares of the company’s stock in a transaction on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.
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.
Featured Stories
- Get a free copy of the StockNews.com research report on JPMorgan Chase & Co. (JPM)
- What is an IRA Account? All About IRAs
- Investing in Quantum Computing: A Guide
- Earnings Beat Proves Citigroup to be The Cheaper Bank Stock
- How to Invest in an IRA in 7 Simple Steps
- The Worst May Have Been Priced Into Amazon Stock, Upside Remains
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
