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

Plimoth Trust Co. LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,144 shares of the financial services provider’s stock after selling 1,167 shares during the period. JPMorgan Chase & Co. makes up about 2.9% of Plimoth Trust Co. LLC’s portfolio, making the stock its 3rd biggest position. Plimoth Trust Co. LLC’s holdings in JPMorgan Chase & Co. were worth $9,890,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Albion Financial Group UT lifted its stake in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Albion Financial Group UT now owns 131,491 shares of the financial services provider’s stock valued at $22,367,000 after purchasing an additional 1,781 shares during the period. Vivid Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $914,000. Stiles Financial Services Inc lifted its stake in shares of JPMorgan Chase & Co. by 2.5% in the 4th quarter. Stiles Financial Services Inc now owns 7,132 shares of the financial services provider’s stock valued at $1,213,000 after purchasing an additional 172 shares during the period. Keener Financial Planning LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $256,000. Finally, Harbour Trust & Investment Management Co acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $15,670,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on JPM. Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average price target of $192.05.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 3,368 shares of the stock in a transaction dated 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 of the company’s stock, valued at $36,174,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 202,093 shares in the company, valued at approximately $36,174,647. 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 currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.2 %

Shares of JPM opened at $180.66 on Wednesday. The stock has a market capitalization of $518.87 billion, a PE ratio of 10.91, a P/E/G ratio of 2.32 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 year high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company’s 50-day simple moving average is $188.39 and its 200-day simple moving average is $168.42.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.