JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Decreased by Grandfield & Dodd LLC

Grandfield & Dodd LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,469 shares of the financial services provider’s stock after selling 80 shares during the period. Grandfield & Dodd LLC’s holdings in JPMorgan Chase & Co. were worth $4,162,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Curbstone Financial Management Corp grew its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Curbstone Financial Management Corp now owns 23,930 shares of the financial services provider’s stock valued at $4,070,000 after purchasing an additional 60 shares in the last quarter. Grey Street Capital LLC grew its position in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Grey Street Capital LLC now owns 6,994 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 60 shares in the last quarter. Financial Management Network Inc. grew its position in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 7,523 shares of the financial services provider’s stock valued at $1,296,000 after purchasing an additional 61 shares in the last quarter. Sendero Wealth Management LLC grew its position in JPMorgan Chase & Co. by 1.1% during the fourth quarter. Sendero Wealth Management LLC now owns 5,811 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 62 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its position in JPMorgan Chase & Co. by 0.8% during the third quarter. Raleigh Capital Management Inc. now owns 8,151 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 64 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at approximately $12,656,006.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Lori A. Beer sold 3,920 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. 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 in the last ninety days. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on JPM. BMO Capital Markets lowered their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Jefferies Financial Group boosted their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wells Fargo & Company boosted 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. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $193.49 on Friday. The stock has a market cap of $555.72 billion, a P/E ratio of 11.68, a PEG ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a fifty day moving average price of $190.36 and a 200 day moving average price of $170.74. 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 paid a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend 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.