WP Advisors LLC Has $3.14 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

WP Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,480 shares of the financial services provider’s stock after buying an additional 370 shares during the period. JPMorgan Chase & Co. makes up approximately 1.2% of WP Advisors LLC’s holdings, making the stock its 20th biggest holding. WP Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,144,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JPM. Columbia Trust Co 01012016 grew its stake in shares of JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Columbia Trust Co 01012016 now owns 21,760 shares of the financial services provider’s stock worth $3,156,000 after acquiring an additional 134 shares in the last quarter. H&H Retirement Design & Management INC bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $386,000. Impact Partnership Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 79.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,368 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 607 shares in the last quarter. Advocate Group LLC grew its stake in shares of JPMorgan Chase & Co. by 48.7% during the 3rd quarter. Advocate Group LLC now owns 34,350 shares of the financial services provider’s stock worth $4,981,000 after acquiring an additional 11,244 shares in the last quarter. Finally, Rempart Asset Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Rempart Asset Management Inc. now owns 132,710 shares of the financial services provider’s stock worth $19,246,000 after acquiring an additional 950 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $193.50 on Friday. The firm has a market cap of $555.75 billion, a P/E ratio of 11.68, a PEG ratio of 2.43 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 50 day simple moving average of $190.36 and a two-hundred day simple moving average of $170.57. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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 is a positive change 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 dividend on an annualized basis and a dividend yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JPM shares. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Piper Sandler dropped their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Bank of America lifted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 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 MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 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 value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, General Counsel Stacey Friedman sold 6,030 shares of the firm’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 $1,101,861.90. Following the sale, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock valued at $186,794,151 over the last 90 days. 0.79% of the stock is owned by corporate insiders.

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.