First Command Advisory Services Inc. Has $1.27 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

First Command Advisory Services Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,481 shares of the financial services provider’s stock after purchasing an additional 187 shares during the quarter. First Command Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $1,273,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Morgan Stanley grew its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock worth $9,127,754,000 after buying an additional 201,441 shares during the period. FMR LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after purchasing an additional 606,382 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after purchasing an additional 871,091 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after purchasing an additional 457,184 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $193.49 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $555.72 billion, a PE ratio of 11.68, a PEG 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 business’s 50 day simple moving average is $190.36 and its 200 day simple moving average is $170.74.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling 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 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 of the company’s stock, valued at approximately $5,873,288.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $294,926.08. Following the sale, 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 have sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JPM shares. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Bank of America boosted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets cut their target price on 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. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

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.