Bridge Advisory LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,192 shares of the financial services provider’s stock after purchasing an additional 329 shares during the period. Bridge Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $416,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Gleason Group Inc. raised its position in shares of JPMorgan Chase & Co. by 1.1% in the 1st quarter. Gleason Group Inc. now owns 15,854 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 168 shares in the last quarter. Cherrydale Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% in the 1st quarter. Cherrydale Wealth Management LLC now owns 1,861 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 96 shares in the last quarter. Heartwood Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 94.0% in the 1st quarter. Heartwood Wealth Advisors LLC now owns 10,120 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 4,903 shares in the last quarter. Five Oceans Advisors raised its position in shares of JPMorgan Chase & Co. by 1.5% during the 1st quarter. Five Oceans Advisors now owns 7,245 shares of the financial services provider’s stock valued at $944,000 after acquiring an additional 104 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% during the 1st quarter. SignalPoint Asset Management LLC now owns 7,846 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 131 shares in the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Trading Up 0.0 %
Shares of JPM stock opened at $139.23 on Wednesday. The stock has a 50-day simple moving average of $138.66 and a 200 day simple moving average of $136.63. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The stock has a market capitalization of $406.87 billion, a P/E ratio of 10.28, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
Insider Activity at JPMorgan Chase & Co.
In related news, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now owns 282,091 shares of the company’s stock, valued at approximately $38,054,075.90. The disclosure for this sale can be found here. Insiders sold 145,861 shares of company stock valued at $19,858,275 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on JPM. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Royal Bank of Canada dropped their price target on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Finally, Evercore ISI dropped their target price on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.35.
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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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