Diversified LLC Purchases 727 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Diversified LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,072 shares of the financial services provider’s stock after acquiring an additional 727 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.3% of Diversified LLC’s investment portfolio, making the stock its 27th biggest holding. Diversified LLC’s holdings in JPMorgan Chase & Co. were worth $1,543,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 10.7% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 24,954 shares of the financial services provider’s stock valued at $3,619,000 after acquiring an additional 2,409 shares in the last quarter. KFG Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 6.0% during the third quarter. KFG Wealth Management LLC now owns 1,631 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 93 shares in the last quarter. Nikulski Financial Inc. increased its holdings in shares of JPMorgan Chase & Co. by 2.7% during the third quarter. Nikulski Financial Inc. now owns 32,189 shares of the financial services provider’s stock valued at $4,668,000 after acquiring an additional 844 shares in the last quarter. Purus Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 5.0% in the 3rd quarter. Purus Wealth Management LLC now owns 8,101 shares of the financial services provider’s stock worth $1,175,000 after buying an additional 387 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in JPMorgan Chase & Co. by 2.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 51,890 shares of the financial services provider’s stock worth $7,525,000 after buying an additional 1,452 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock opened at $193.49 on Monday. The stock’s fifty day moving average is $190.36 and its two-hundred day moving average is $170.91. 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 firm has a market capitalization of $555.72 billion, a P/E ratio of 11.68, a PEG ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend 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 27.78%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the firm’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 $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Peter Scher sold 1,810 shares of the company’s 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 $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last three months. 0.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Morgan Stanley lowered their price objective on 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. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Finally, BMO Capital Markets lowered their price objective on 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.