JPMorgan Chase & Co. (NYSE:JPM) Position Increased by Mendel Capital Management LLC

Mendel Capital Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,624 shares of the financial services provider’s stock after buying an additional 102 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Mendel Capital Management LLC’s holdings, making the stock its 13th largest position. Mendel Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,637,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P increased its holdings in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the period. BCK Partners Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management increased its holdings in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the sale, the insider now owns 202,093 shares in the company, valued at $36,174,647. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the sale, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.2 %

Shares of JPMorgan Chase & Co. stock opened at $180.66 on Wednesday. The company’s fifty day simple moving average is $188.39 and its 200-day simple moving average is $168.42. The company has a market cap of $518.87 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 2.32 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. Barclays increased their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

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.