Luts & Greenleigh Group Inc. Sells 113 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Luts & Greenleigh Group Inc. decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 4,435 shares of the financial services provider’s stock after selling 113 shares during the period. JPMorgan Chase & Co. makes up about 1.0% of Luts & Greenleigh Group Inc.’s holdings, making the stock its 24th biggest holding. Luts & Greenleigh Group Inc.’s holdings in JPMorgan Chase & Co. were worth $754,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of JPM. Valicenti Advisory Services Inc. boosted its stake in JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock valued at $11,586,000 after purchasing an additional 2,220 shares during the last quarter. Etfidea LLC boosted its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock valued at $329,000 after buying an additional 100 shares during the last quarter. TKG Advisors LLC grew its holdings in JPMorgan Chase & Co. by 97.6% during the third quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares in the last quarter. Alley Investment Management Company LLC raised its position in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after buying an additional 530 shares during the last quarter. Finally, Allen Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 15.8% during the 3rd quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock valued at $25,341,000 after acquiring an additional 23,894 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on JPM. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Piper Sandler decreased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Barclays upped their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Bank of America boosted their price objective on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $181.14 on Friday. The firm’s 50 day moving average is $188.61 and its 200 day moving average is $168.59. The stock has a market capitalization of $520.25 billion, a P/E ratio of 10.94, a PEG ratio of 2.27 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 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. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a dividend yield of 2.54%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

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.