Marino Stram & Associates LLC Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Marino Stram & Associates LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,133 shares of the financial services provider’s stock after buying an additional 117 shares during the quarter. JPMorgan Chase & Co. makes up 1.2% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 11th largest holding. Marino Stram & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $4,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Guerra Pan Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.0% in the 4th quarter. Guerra Pan Advisors LLC now owns 18,615 shares of the financial services provider’s stock valued at $3,166,000 after buying an additional 372 shares during the period. Prosperitas Financial LLC increased its holdings in JPMorgan Chase & Co. by 9.9% during the 4th quarter. Prosperitas Financial LLC now owns 10,301 shares of the financial services provider’s stock worth $1,752,000 after purchasing an additional 925 shares during the period. First American Trust FSB increased its holdings in JPMorgan Chase & Co. by 4.2% during the 4th quarter. First American Trust FSB now owns 105,004 shares of the financial services provider’s stock worth $17,861,000 after purchasing an additional 4,215 shares during the period. Hamilton Point Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 31,289 shares of the financial services provider’s stock worth $5,322,000 after purchasing an additional 336 shares during the period. Finally, Members Trust Co increased its holdings in JPMorgan Chase & Co. by 6.4% during the 4th quarter. Members Trust Co now owns 9,013 shares of the financial services provider’s stock worth $1,535,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, CEO James Dimon sold 178,222 shares of the firm’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 transaction, the chief executive officer now owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. 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 owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 in the last quarter. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Jefferies Financial Group upped their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Bank of America upped their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Trading Up 2.0 %

NYSE:JPM opened at $189.44 on Tuesday. The stock’s 50 day moving average price is $189.10 and its 200 day moving average price is $169.57. The company has a market capitalization of $544.09 billion, a PE ratio of 11.44, a P/E/G ratio of 2.34 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

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.