Tranquility Partners LLC Has $3.16 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Tranquility Partners LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 18,595 shares of the financial services provider’s stock after selling 765 shares during the quarter. JPMorgan Chase & Co. comprises about 1.3% of Tranquility Partners LLC’s holdings, making the stock its 16th largest position. Tranquility Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 89 shares during the period. Macroview Investment Management LLC increased its position in JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after buying an additional 235 shares in the last quarter. Rakuten Securities Inc. bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $44,000. Briaud Financial Planning Inc bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $40,000. Finally, Morton Brown Family Wealth LLC increased its position in JPMorgan Chase & Co. by 2,308.3% in the 4th 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. 71.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. Morgan Stanley decreased their target price on 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. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. UBS Group decreased their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $192.05.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 1,810 shares of the company’s 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 transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s 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 $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $193.08 on Thursday. The firm has a market cap of $554.54 billion, a PE ratio of 11.66, a P/E/G ratio of 2.38 and a beta of 1.15. 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 business has a 50 day moving average of $189.80 and a 200-day moving average of $170.07. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

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 $1.15 dividend. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.38%. JPMorgan Chase & Co.’s dividend 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.