JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,923 shares of the financial services provider’s stock after selling 1,773 shares during the quarter. Paladin Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $497,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. John G Ullman & Associates Inc. raised its stake in JPMorgan Chase & Co. by 0.4% during the fourth quarter. John G Ullman & Associates Inc. now owns 42,018 shares of the financial services provider’s stock worth $7,147,000 after purchasing an additional 164 shares during the period. Roth Financial Partners LLC raised its stake in JPMorgan Chase & Co. by 31.3% during the fourth quarter. Roth Financial Partners LLC now owns 1,868 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 445 shares during the period. Redmont Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $200,000. Zhang Financial LLC raised its stake in JPMorgan Chase & Co. by 13.8% during the fourth quarter. Zhang Financial LLC now owns 10,735 shares of the financial services provider’s stock worth $1,826,000 after purchasing an additional 1,301 shares during the period. Finally, Beaumont Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 1.9% during the fourth quarter. Beaumont Financial Advisors LLC now owns 19,362 shares of the financial services provider’s stock worth $3,294,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were 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 in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction 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 approximately $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 valued at $186,794,151 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $193.50 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm has a 50-day simple moving average of $190.36 and a 200 day simple moving average of $170.57. The company has a market cap of $555.75 billion, a PE ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 4th. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Oppenheimer cut their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays raised their target price 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. Finally, Bank of America raised their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.