JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,603 shares of the financial services provider’s stock after selling 75 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Court Place Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Court Place Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Valicenti Advisory Services Inc. lifted its stake in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after purchasing an additional 2,220 shares during the last quarter. Etfidea LLC lifted its stake in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares during the last quarter. TKG Advisors LLC lifted its stake 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 purchasing an additional 6,521 shares during the last quarter. Sutton Place Investors LLC lifted its stake in JPMorgan Chase & Co. by 179.5% during the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock worth $2,228,000 after purchasing an additional 8,412 shares during the last quarter. Finally, Alley Investment Management Company LLC lifted its stake in JPMorgan Chase & Co. by 0.4% during the third quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock worth $18,405,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling

In related news, 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 transaction of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold a total of 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. Price Performance

Shares of NYSE JPM opened at $193.08 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm’s 50-day simple moving average is $189.80 and its 200 day simple moving average is $170.07. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock has a market cap of $554.54 billion, a P/E ratio of 11.66, a P/E/G ratio of 2.38 and a beta of 1.15.

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 a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend 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.