JPMorgan Chase & Co. (NYSE:JPM) Stake Lessened by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,697 shares of the financial services provider’s stock after selling 2,499 shares during the quarter. JPMorgan Chase & Co. accounts for 2.5% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 6th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in JPMorgan Chase & Co. were worth $4,870,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JPM. Curbstone Financial Management Corp boosted its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock worth $4,070,000 after purchasing an additional 60 shares during the last quarter. Grey Street Capital LLC grew its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 60 shares in the last quarter. Financial Management Network Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock worth $1,296,000 after acquiring an additional 61 shares during the last quarter. Sendero Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 62 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 64 shares during the last quarter. 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 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 transaction, the chief executive officer now owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Stacey Friedman sold 6,030 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the transaction, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 178,222 shares of the firm’s stock in a transaction 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 owns 264,461 shares in the company, valued at $48,708,426.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JPM shares. Morgan Stanley reduced their target price on shares of 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. 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. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. Eight research 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. has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE:JPM opened at $193.08 on Thursday. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94. The firm has a market cap of $554.54 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $189.80 and a 200 day moving average price of $170.07.

JPMorgan Chase & Co. Increases Dividend

The business 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 an increase 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 2.38%. JPMorgan Chase & Co.’s payout ratio is currently 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.