Greenwich Wealth Management LLC Sells 322 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Greenwich Wealth Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,325 shares of the financial services provider’s stock after selling 322 shares during the period. Greenwich Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. B.O.S.S. Retirement Advisors LLC increased its holdings in JPMorgan Chase & Co. by 10.7% during the 3rd 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 purchasing an additional 2,409 shares in the last quarter. KFG Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 6.0% during the 3rd quarter. KFG Wealth Management LLC now owns 1,631 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 93 shares in the last quarter. Nikulski Financial Inc. increased its holdings in JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Nikulski Financial Inc. now owns 32,189 shares of the financial services provider’s stock valued at $4,668,000 after purchasing an additional 844 shares in the last quarter. Purus Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 5.0% during the 3rd quarter. Purus Wealth Management LLC now owns 8,101 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 387 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 51,890 shares of the financial services provider’s stock valued at $7,525,000 after purchasing an additional 1,452 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’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 $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’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 $294,926.08. Following the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Peter Scher sold 1,810 shares of the business’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 value of $323,917.60. Following the transaction, the insider now directly owns 44,956 shares in the company, valued at approximately $8,045,325.76. 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 over the last 90 days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $193.49 on Monday. The business’s 50 day moving average price is $190.36 and its two-hundred day moving average price is $170.91. The company has a market cap of $555.72 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on JPM. Morgan Stanley lowered their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group lowered their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Bank of America raised their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Finally, Barclays raised their price target 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. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.