Charter Oak Capital Management LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,163 shares of the financial services provider’s stock after buying an additional 90 shares during the quarter. Charter Oak Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $933,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Twin Lakes Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 71 shares during the period. Karpas Strategies LLC grew its stake in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after buying an additional 71 shares during the period. Oxler Private Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 71 shares during the last quarter. Sanford Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after buying an additional 73 shares during the period. Finally, Gould Asset Management LLC CA boosted its holdings in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after acquiring an additional 75 shares during the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Trading Down 0.7 %
Shares of JPM stock opened at $144.64 on Thursday. The stock has a 50-day simple moving average of $139.24 and a 200 day simple moving average of $137.10. The stock has a market capitalization of $422.68 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $147.48. 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. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.52%.
Insider Activity
In related news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 1,871 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $140.70, for a total value of $263,249.70. Following the completion of the transaction, the chief executive officer now owns 22,926 shares in the company, valued at approximately $3,225,688.20. 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 owned by company insiders.
Analysts Set New Price Targets
JPM has been the topic of a number of research reports. Citigroup cut their price objective on JPMorgan Chase & Co. from $165.00 to $160.00 in a report on Monday, June 26th. Royal Bank of Canada decreased their price objective 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. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Jefferies Financial Group decreased their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Finally, Oppenheimer raised their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research report on Monday, April 17th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.35.
About JPMorgan Chase & Co.
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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