Andrew Hill Investment Advisors Inc. Takes $3.16 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Andrew Hill Investment Advisors Inc. acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 18,571 shares of the financial services provider’s stock, valued at approximately $3,159,000. JPMorgan Chase & Co. comprises approximately 3.3% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Buttonwood Financial Advisors Inc. increased its stake in JPMorgan Chase & Co. by 1.6% in the third quarter. Buttonwood Financial Advisors Inc. now owns 5,994 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 92 shares during the last quarter. Bard Financial Services Inc. increased its stake in JPMorgan Chase & Co. by 0.4% in the third quarter. Bard Financial Services Inc. now owns 58,715 shares of the financial services provider’s stock valued at $8,515,000 after purchasing an additional 250 shares during the last quarter. PPS&V Asset Management Consultants Inc. acquired a new position in JPMorgan Chase & Co. in the third quarter valued at $200,000. First PREMIER Bank increased its stake in JPMorgan Chase & Co. by 29.1% in the third quarter. First PREMIER Bank now owns 26,728 shares of the financial services provider’s stock valued at $3,877,000 after purchasing an additional 6,017 shares during the last quarter. Finally, Naples Global Advisors LLC increased its stake in JPMorgan Chase & Co. by 3.2% in the third quarter. Naples Global Advisors LLC now owns 68,137 shares of the financial services provider’s stock valued at $9,881,000 after purchasing an additional 2,127 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM opened at $193.28 on Friday. The company has a market capitalization of $555.12 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a 50-day moving average price of $190.07 and a 200 day moving average price of $170.23.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. The ex-dividend date is Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the 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 transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer Piepszak sold 1,648 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 $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. UBS Group dropped their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Piper Sandler dropped their price target on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. 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.