Schrum Private Wealth Management LLC Sells 6,448 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Schrum Private Wealth Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 56.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,001 shares of the financial services provider’s stock after selling 6,448 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Schrum Private Wealth Management LLC’s holdings, making the stock its 23rd biggest position. Schrum Private Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $851,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Macroview Investment Management LLC grew its position in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares during the last quarter. Briaud Financial Planning Inc bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $40,000. FSC Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 290.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 288 shares during the last quarter. Legacy Financial Group LLC bought a new position in JPMorgan Chase & Co. in the 3rd quarter valued at $58,000. Finally, Robbins Farley grew its position in JPMorgan Chase & Co. by 29.5% in the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday. Evercore ISI increased their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.56.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $182.90 on Tuesday. The stock has a 50-day moving average of $188.28 and a two-hundred day moving average of $168.17. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The stock has a market cap of $525.31 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

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

JPMorgan Chase & Co. Increases Dividend

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

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; 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.