JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 19.3% in the fourth quarter, HoldingsChannel reports. The firm owned 255,556 shares of the financial services provider’s stock after selling 61,114 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.9% of Migdal Insurance & Financial Holdings Ltd.’s holdings, making the stock its 27th biggest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in JPMorgan Chase & Co. were worth $43,471,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in JPM. Macroview Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $40,000. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Morton Brown Family Wealth LLC raised its stake in JPMorgan Chase & Co. by 2,308.3% in the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after buying an additional 277 shares in the last quarter. Finally, Bear Mountain Capital Inc. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $51,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of NYSE JPM opened at $193.08 on Thursday. 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’s 50 day moving average price is $189.80 and its two-hundred day moving average price is $170.07. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The stock has a market capitalization of $554.54 billion, a P/E ratio of 11.66, a PEG ratio of 2.38 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. Investors of record on Friday, April 5th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, April 4th. 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 2.38%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.78%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JPM. Oppenheimer cut their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Piper Sandler cut their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, BMO Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the sale, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 over the last 90 days. 0.79% of the stock is owned by company insiders.

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.