Horizon Family Wealth Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 42.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,069 shares of the financial services provider’s stock after selling 1,545 shares during the quarter. Horizon Family Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $270,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of JPM. Moneta Group Investment Advisors LLC grew its holdings in JPMorgan Chase & Co. by 105,652.2% in the 4th 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. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $3,894,646,000. Price T Rowe Associates Inc. MD grew its stake in shares of JPMorgan Chase & Co. by 71.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after acquiring an additional 12,654,947 shares during the last quarter. Morgan Stanley increased its position in 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 worth $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at $556,791,000. 70.10% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $153.79 on Thursday. The stock has a market cap of $446.93 billion, a PE ratio of 9.90, a P/E/G ratio of 2.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a 50-day moving average of $147.49 and a 200-day moving average of $140.24. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.38.
JPMorgan Chase & Co. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.60%. The ex-dividend date was Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.74%.
Insiders Place Their Bets
In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following 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 SEC, which is available through this hyperlink. In related news, CEO Douglas B. Petno sold 4,932 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $38,054,075.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,531 shares of company stock worth $5,088,550 in the last quarter. Corporate insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
JPM has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Barclays lifted their price objective on JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Finally, Bank of America lifted their price objective on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a report on Monday, April 17th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $164.39.
Read Our Latest Stock Analysis on JPM
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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