Sterling Financial Planning Inc. Has $222,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sterling Financial Planning Inc. cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,306 shares of the financial services provider’s stock after selling 150 shares during the period. Sterling Financial Planning Inc.’s holdings in JPMorgan Chase & Co. were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JPM. Buttonwood Financial Advisors Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.6% during the third quarter. Buttonwood Financial Advisors Inc. now owns 5,994 shares of the financial services provider’s stock worth $869,000 after acquiring an additional 92 shares during the period. Bard Financial Services Inc. lifted its position in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Bard Financial Services Inc. now owns 58,715 shares of the financial services provider’s stock valued at $8,515,000 after acquiring an additional 250 shares in the last quarter. PPS&V Asset Management Consultants Inc. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at $200,000. First PREMIER Bank lifted its position in JPMorgan Chase & Co. by 29.1% in the 3rd quarter. First PREMIER Bank now owns 26,728 shares of the financial services provider’s stock valued at $3,877,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its position in JPMorgan Chase & Co. by 3.2% in the 3rd quarter. Naples Global Advisors LLC now owns 68,137 shares of the financial services provider’s stock valued at $9,881,000 after acquiring an additional 2,127 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO James Dimon sold 821,778 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 over the last three months. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, January 4th. 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 note on Thursday, April 4th. Wells Fargo & Company boosted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Barclays upped their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Read Our Latest Report on JPM

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $193.28 on Friday. The company has a 50 day moving average of $190.07 and a 200-day moving average of $170.23. The company has a market cap of $555.12 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

The company 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 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 dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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