Verde Servicos Internacionais S.A. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Verde Servicos Internacionais S.A. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 113,167 shares of the financial services provider’s stock after selling 6,926 shares during the period. JPMorgan Chase & Co. accounts for about 7.7% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 4th largest position. Verde Servicos Internacionais S.A.’s holdings in JPMorgan Chase & Co. were worth $19,250,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Stone House Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 89 shares during the period. Macroview Investment Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 235 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of JPMorgan Chase & Co. during the third quarter valued at $40,000. Rakuten Securities Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $44,000. Finally, Morton Brown Family Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 2,308.3% during the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 277 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

NYSE:JPM opened at $193.49 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap 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 52-week low of $131.81 and a 52-week high of $200.94. The stock has a 50-day simple moving average of $190.36 and a 200 day simple moving average of $170.74.

JPMorgan Chase & Co. Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JPM shares. Evercore ISI increased their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. 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. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Bank of America increased 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. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 1,810 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the firm’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 $1,101,861.90. Following the completion of the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by corporate insiders.

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.