Element Wealth LLC Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Element Wealth LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,888 shares of the financial services provider’s stock after purchasing an additional 213 shares during the period. Element Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Beaumont Asset Management L.L.C. lifted its holdings in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 6,096 shares of the financial services provider’s stock valued at $1,037,000 after acquiring an additional 68 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its holdings in JPMorgan Chase & Co. by 2.0% in the fourth quarter. Masso Torrence Wealth Management Inc. now owns 9,221 shares of the financial services provider’s stock valued at $1,568,000 after acquiring an additional 180 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in JPMorgan Chase & Co. by 2.0% in the fourth quarter. Community Bank & Trust Waco Texas now owns 47,301 shares of the financial services provider’s stock valued at $8,046,000 after acquiring an additional 948 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in JPMorgan Chase & Co. by 34.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 27,919 shares of the financial services provider’s stock valued at $4,749,000 after acquiring an additional 7,211 shares during the last quarter. Finally, SlateStone Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 7.3% in the fourth quarter. SlateStone Wealth LLC now owns 43,847 shares of the financial services provider’s stock valued at $7,458,000 after acquiring an additional 2,986 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 821,778 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at $108,782,092.68. The transaction 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 the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James Dimon sold 821,778 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the transaction, the chief executive officer now directly owns 595,316 shares in the company, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Bank of America upped their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Down 0.1 %

JPMorgan Chase & Co. stock opened at $193.30 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The stock’s fifty day simple moving average is $190.64 and its 200-day simple moving average is $171.25. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $555.17 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.43 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

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

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.