Latitude Advisors LLC Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Latitude Advisors LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,644 shares of the financial services provider’s stock after selling 102 shares during the period. Latitude Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. International Assets Investment Management LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $1,017,893,000. Wellington Management Group LLP lifted its position in JPMorgan Chase & Co. by 12.2% in 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 purchasing an additional 4,603,090 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $253,076,000. Cerity Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 155.2% during the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock valued at $382,144,000 after acquiring an additional 1,366,360 shares during the period. Finally, Comerica Bank lifted its position in shares of JPMorgan Chase & Co. by 3,025.7% during the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after acquiring an additional 1,226,905 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, 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 sale, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 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 $48,708,426.98. The disclosure for this sale can be found here. In the last three months, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. BMO Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Stock Up 1.4 %

JPM stock opened at $192.11 on Wednesday. The stock has a market capitalization of $551.76 billion, a P/E ratio of 11.60, a PEG ratio of 2.34 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a 50 day moving average price of $189.46 and a two-hundred day moving average price of $169.90.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 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.