Wendell David Associates Inc. lessened its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,879 shares of the financial services provider’s stock after selling 362 shares during the period. Wendell David Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $636,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $30,000. Adirondack Retirement Specialists Inc. increased its stake in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares during the period. Boulder Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
JPMorgan Chase & Co. Stock Up 0.8 %
Shares of NYSE:JPM opened at $146.61 on Wednesday. The business’s 50 day simple moving average is $139.05 and its two-hundred day simple moving average is $137.04. The firm has a market cap of $428.44 billion, a P/E ratio of 10.82, a PEG ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $147.48.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.73%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on JPM shares. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. Jefferies Financial Group decreased their price target on JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. Citigroup cut their target price on JPMorgan Chase & Co. from $165.00 to $160.00 in a research report on Monday, June 26th. Finally, Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $157.35.
Insider Activity
In other news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.
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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