Aldebaran Financial Inc. Has $1.74 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Aldebaran Financial Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 10,235 shares of the financial services provider’s stock after selling 286 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.7% of Aldebaran Financial Inc.’s portfolio, making the stock its 10th biggest position. Aldebaran Financial Inc.’s holdings in JPMorgan Chase & Co. were worth $1,741,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Equitec Proprietary Markets LLC purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth approximately $1,407,000. SJS Investment Consulting Inc. increased its position in shares of JPMorgan Chase & Co. by 12.3% during the third quarter. SJS Investment Consulting Inc. now owns 2,491 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 273 shares during the period. Perennial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Perennial Advisors LLC now owns 59,314 shares of the financial services provider’s stock worth $8,602,000 after acquiring an additional 198 shares during the period. GHP Investment Advisors Inc. increased its position in shares of JPMorgan Chase & Co. by 1.6% during the third quarter. GHP Investment Advisors Inc. now owns 89,805 shares of the financial services provider’s stock worth $13,291,000 after acquiring an additional 1,444 shares during the period. Finally, Brown Miller Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.3% during the third quarter. Brown Miller Wealth Management LLC now owns 44,074 shares of the financial services provider’s stock worth $6,391,000 after acquiring an additional 577 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief executive officer now directly owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James Dimon sold 821,778 shares of the business’s 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 owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $193.49 on Friday. The company has a market cap of $555.72 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. 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 company has a 50 day moving average of $190.36 and a two-hundred day moving average of $170.74.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a dividend of $1.15 per share. This is an increase 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%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

JPMorgan Chase & Co. Company 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.