Westwood Management Corp IL reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 15.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,300 shares of the financial services provider’s stock after selling 960 shares during the period. Westwood Management Corp IL’s holdings in JPMorgan Chase & Co. were worth $691,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock valued at $6,859,512,000 after purchasing an additional 1,082,325 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of JPMorgan Chase & Co. by 71.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after purchasing an additional 12,654,947 shares during the last quarter. Finally, Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $3,894,646,000. 70.10% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
JPM opened at $153.35 on Tuesday. The company has a market capitalization of $448.13 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.85. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $153.75. The business has a 50 day moving average price of $140.86 and a two-hundred day moving average price of $138.04.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.61%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.
Insider Activity
In other news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction on 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 owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction on 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 owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas B. Petno sold 4,930 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the sale, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,861 shares of company stock worth $19,858,275. Insiders own 0.79% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Oppenheimer upped their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $149.00 to $165.00 in a report on Tuesday, July 11th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Friday, July 7th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Finally, Bank of America boosted their price objective on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.44.
JPMorgan Chase & Co. 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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