1900 Wealth Management LLC Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

1900 Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,936 shares of the financial services provider’s stock after selling 518 shares during the period. 1900 Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aspire Private Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 715.0% during the 4th quarter. Aspire Private Capital LLC now owns 3,806 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 3,339 shares during the period. Gimbal Financial purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth about $302,000. Garrison Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 30.7% in the 4th quarter. Garrison Asset Management LLC now owns 2,560 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 601 shares during the period. Scott & Selber Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.2% in the 4th quarter. Scott & Selber Inc. now owns 26,387 shares of the financial services provider’s stock worth $4,488,000 after acquiring an additional 579 shares during the last quarter. Finally, RWA Wealth Partners LLC increased its holdings in JPMorgan Chase & Co. by 142.4% in the 4th quarter. RWA Wealth Partners LLC now owns 425,779 shares of the financial services provider’s stock valued at $72,425,000 after purchasing an additional 250,105 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value of $294,926.08. Following the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jennifer Piepszak sold 1,648 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JPM has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. 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 research note on Monday, April 15th. BMO Capital Markets reduced their price target on shares of 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. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $193.30 on Tuesday. The stock’s 50-day simple moving average is $190.64 and its 200-day simple moving average is $171.25. The firm has a market capitalization of $555.17 billion, a PE ratio of 11.67, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92.

JPMorgan Chase & Co. Increases Dividend

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

JPMorgan Chase & Co. 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.