Townsend Asset Management Corp NC ADV Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Townsend Asset Management Corp NC ADV boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 41,489 shares of the financial services provider’s stock after buying an additional 1,170 shares during the quarter. JPMorgan Chase & Co. makes up about 3.2% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 9th largest position. Townsend Asset Management Corp NC ADV’s holdings in JPMorgan Chase & Co. were worth $7,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JPM. Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after buying an additional 89 shares in the last quarter. Macroview Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares in the last quarter. Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $40,000. Rakuten Securities Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $44,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 2,308.3% during the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock worth $49,000 after buying an additional 277 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $193.49 on Monday. 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 stock has a market cap of $555.72 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The firm has a 50 day simple moving average of $190.36 and a 200 day simple moving average of $170.91. JPMorgan Chase & Co. has a 52 week low of $131.81 and a 52 week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm 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 is Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.38%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JPM. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. 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 note on Monday, April 15th. Bank of America lifted their price objective on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. UBS Group lowered their price objective on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction that occurred 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 sale, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. 0.79% of the stock is currently owned by insiders.

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.