Arbor Investment Advisors LLC Has $353,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Arbor Investment Advisors LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,074 shares of the financial services provider’s stock after selling 482 shares during the quarter. Arbor Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Curbstone Financial Management Corp lifted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after buying an additional 60 shares in the last quarter. Grey Street Capital LLC grew its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after acquiring an additional 60 shares in the last quarter. Financial Management Network Inc. increased its position in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock worth $1,296,000 after acquiring an additional 61 shares during the period. Sendero Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 62 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock worth $1,182,000 after purchasing an additional 64 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Evercore ISI raised 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $179.96 on Thursday. 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 stock has a market cap of $516.86 billion, a PE ratio of 10.87, a PEG ratio of 2.30 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. The business has a 50-day simple moving average of $188.48 and a two-hundred day simple moving average of $168.50.

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 represents a $4.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. 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.