JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,550 shares of the financial services provider’s stock after purchasing an additional 150 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in JPMorgan Chase & Co. were worth $1,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Macroview Investment Management LLC lifted its stake in 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 acquiring an additional 235 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan Chase & Co. during the third quarter worth about $40,000. Morton Brown Family Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 2,308.3% in the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 277 shares during the period. FSC Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 290.9% in the third quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 288 shares in the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $58,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the sale, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 44,956 shares in the company, valued at approximately $8,045,325.76. 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 90 days. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $193.30 on Tuesday. The stock’s 50-day moving average price is $190.64 and its 200 day moving average price is $171.25. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The stock 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 52-week low of $131.81 and a 52-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. Stockholders of record on Friday, April 5th will be issued a $1.15 dividend. 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 payout ratio is presently 27.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JPM shares. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research report on Monday, April 15th. Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Barclays boosted their price target on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company 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 stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus 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.