JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,454,646 shares of the financial services provider’s stock after selling 857,523 shares during the period. JPMorgan Chase & Co. makes up 0.8% of California Public Employees Retirement System’s portfolio, making the stock its 20th biggest position. California Public Employees Retirement System’s holdings in JPMorgan Chase & Co. were worth $1,097,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gimbal Financial purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $302,000. Garrison Asset Management LLC lifted its stake in JPMorgan Chase & Co. by 30.7% during the fourth quarter. Garrison Asset Management LLC now owns 2,560 shares of the financial services provider’s stock valued at $435,000 after buying an additional 601 shares in the last quarter. Scott & Selber Inc. lifted its stake in JPMorgan Chase & Co. by 2.2% during the fourth quarter. Scott & Selber Inc. now owns 26,387 shares of the financial services provider’s stock valued at $4,488,000 after buying an additional 579 shares in the last quarter. RWA Wealth Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 142.4% in the fourth quarter. RWA Wealth Partners LLC now owns 425,779 shares of the financial services provider’s stock worth $72,425,000 after buying an additional 250,105 shares during the period. Finally, Townsend Asset Management Corp NC ADV increased its position in shares of JPMorgan Chase & Co. by 2.9% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 41,489 shares of the financial services provider’s stock worth $7,057,000 after acquiring an additional 1,170 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JPM has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Finally, Barclays boosted their price objective 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 analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $193.30 on Tuesday. The company has a market cap 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. The firm’s fifty day moving average price is $190.64 and its two-hundred day moving average price is $171.25. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91.

JPMorgan Chase & Co. Increases Dividend

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on 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 owns 595,316 shares in the company, valued at approximately $108,782,092.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. Company insiders own 0.79% of the company’s stock.

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.