JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Bridgeworth LLC

Bridgeworth LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,888 shares of the financial services provider’s stock after selling 126 shares during the quarter. Bridgeworth LLC’s holdings in JPMorgan Chase & Co. were worth $491,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 7.1% during the 4th quarter. Moody Aldrich Partners LLC now owns 2,828 shares of the financial services provider’s stock valued at $481,000 after buying an additional 187 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 27.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 281,021 shares of the financial services provider’s stock valued at $47,802,000 after acquiring an additional 59,679 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its holdings in JPMorgan Chase & Co. by 13.7% during the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 28,382 shares of the financial services provider’s stock worth $4,828,000 after acquiring an additional 3,428 shares in the last quarter. Tobam grew its holdings in JPMorgan Chase & Co. by 1,240.9% during the 4th quarter. Tobam now owns 1,703 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 1,576 shares in the last quarter. Finally, PBMares Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 16.6% in the 4th quarter. PBMares Wealth Management LLC now owns 6,562 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 932 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on JPM. Bank of America lifted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday. BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $190.56.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM opened at $182.90 on Tuesday. The stock’s 50 day moving average price is $188.28 and its 200 day moving average price is $168.17. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market cap of $525.31 billion, a P/E ratio of 11.04, a P/E/G ratio of 2.32 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The company had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 15.78 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.52%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.