Pathway Financial Advisors LLC Has $1.13 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Pathway Financial Advisors LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,667 shares of the financial services provider’s stock after purchasing an additional 679 shares during the period. Pathway Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $1,017,893,000. Wellington Management Group LLP boosted its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after buying an additional 4,603,090 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $253,076,000. Cerity Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 155.2% during the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after buying an additional 1,366,360 shares during the period. Finally, Comerica Bank boosted its position in shares of JPMorgan Chase & Co. by 3,025.7% during the third quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock worth $183,806,000 after buying an additional 1,226,905 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Barclays upped their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Wells Fargo & Company upped their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $193.49 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. The stock’s 50 day moving average price is $190.36 and its two-hundred day moving average price is $170.74. The firm has a market capitalization of $555.72 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.42 and a beta of 1.15. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.38%. 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 James Dimon sold 821,778 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Dimon sold 821,778 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last 90 days. Company insiders own 0.79% of the company’s stock.

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.