Financial Advisors LLC Buys 8,196 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 207.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,146 shares of the financial services provider’s stock after buying an additional 8,196 shares during the period. JPMorgan Chase & Co. makes up 0.5% of Financial Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,066,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sargent Investment Group LLC increased its position in shares of JPMorgan Chase & Co. by 1.3% during the fourth quarter. Sargent Investment Group LLC now owns 27,689 shares of the financial services provider’s stock valued at $4,710,000 after purchasing an additional 342 shares during the period. Stonebrook Private Inc. bought a new position in JPMorgan Chase & Co. in the fourth quarter worth $5,167,000. PGGM Investments boosted its stake in JPMorgan Chase & Co. by 16.1% during the fourth quarter. PGGM Investments now owns 243,034 shares of the financial services provider’s stock worth $41,340,000 after buying an additional 33,716 shares in the last quarter. Transcend Capital Advisors LLC increased its holdings in JPMorgan Chase & Co. by 4.2% in the 4th quarter. Transcend Capital Advisors LLC now owns 82,581 shares of the financial services provider’s stock valued at $14,047,000 after buying an additional 3,309 shares during the period. Finally, Opinicus Capital Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $2,884,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.6 %

NYSE JPM opened at $190.51 on Friday. 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. The firm has a market cap of $547.16 billion, a P/E ratio of 11.50, a P/E/G ratio of 2.41 and a beta of 1.13. The stock’s 50-day moving average is $191.27 and its 200-day moving average is $171.84.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, April 4th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of the company’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 completion of the transaction, the general counsel now directly owns 59,456 shares of the company’s stock, valued at $10,864,394.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 6,030 shares of the business’s 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 in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 in the last 90 days. 0.79% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets dropped their price objective on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, April 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company 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.