JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,648 shares of the financial services provider’s stock after selling 7,623 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $4,024,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. First Citizens Financial Corp raised its position in JPMorgan Chase & Co. by 6.0% in the third quarter. First Citizens Financial Corp now owns 10,756 shares of the financial services provider’s stock valued at $1,560,000 after purchasing an additional 609 shares during the period. Global Strategic Investment Solutions LLC increased its stake in shares of JPMorgan Chase & Co. by 13.6% during the third quarter. Global Strategic Investment Solutions LLC now owns 2,052 shares of the financial services provider’s stock worth $298,000 after buying an additional 245 shares during the period. TI Trust Inc. raised its holdings in JPMorgan Chase & Co. by 1.4% in the third quarter. TI Trust Inc. now owns 8,788 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 118 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in JPMorgan Chase & Co. by 1.2% in the third quarter. OneAscent Financial Services LLC now owns 6,388 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 75 shares during the last quarter. Finally, Strategic Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 4.1% during the 3rd quarter. Strategic Advisors LLC now owns 43,914 shares of the financial services provider’s stock worth $6,368,000 after purchasing an additional 1,720 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $192.11 on Wednesday. The stock’s 50-day moving average is $189.46 and its two-hundred day moving average is $169.90. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm has a market cap of $551.76 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.39%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JPM shares. Barclays upped their target price on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Bank of America increased 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. UBS Group lowered their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Jefferies Financial Group lifted 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. Finally, BMO Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Buying and Selling

In other 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 transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James Dimon sold 178,222 shares of the 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 of the company’s stock, 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 quarter. Corporate insiders own 0.79% of the company’s stock.

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.