Advisors Management Group Inc. ADV Buys 262 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Advisors Management Group Inc. ADV grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 22,965 shares of the financial services provider’s stock after purchasing an additional 262 shares during the period. Advisors Management Group Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $3,906,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised 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 worth $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 0.3% in the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after acquiring an additional 201,441 shares in the last quarter. FMR LLC increased its stake in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock worth $7,166,546,000 after acquiring an additional 606,382 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock worth $4,798,612,000 after acquiring an additional 871,091 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $180.66 on Wednesday. The firm’s 50-day moving average price is $188.39 and its 200-day moving average price is $168.42. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $518.87 billion, a PE ratio of 10.91, a PEG ratio of 2.32 and a beta of 1.15. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on JPM shares. Barclays increased their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $192.05.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction 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 approximately $10,864,394.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is owned by insiders.

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; 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.