JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by Phoenix Wealth Advisors

Phoenix Wealth Advisors decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,474 shares of the financial services provider’s stock after selling 221 shares during the period. JPMorgan Chase & Co. comprises approximately 2.6% of Phoenix Wealth Advisors’ holdings, making the stock its 7th largest holding. Phoenix Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $3,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares during the period. FMR LLC increased its stake in shares of JPMorgan Chase & Co. by 1.2% during the third quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after buying an additional 606,382 shares during the period. Wellington Management Group LLP increased its stake in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after buying an additional 4,603,090 shares during the period. Northern Trust Corp increased its stake in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after buying an additional 871,091 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.0% during the third quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after buying an additional 457,184 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 JPMorgan Chase & Co. stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. 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 quarter. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. UBS Group cut their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Oppenheimer cut their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Finally, Morgan Stanley cut their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note 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.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $192.11 on Wednesday. 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 has a market cap of $551.76 billion, a PE ratio of 11.60, a P/E/G ratio of 2.34 and a beta of 1.15. The business has a 50-day simple moving average of $189.46 and a two-hundred day simple moving average of $169.90. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. 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 dividend on an annualized basis and a dividend yield of 2.39%. JPMorgan Chase & Co.’s payout ratio is 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.