JPMorgan Chase & Co. (NYSE:JPM) Holdings Lifted by Vance Wealth Inc.

Vance Wealth Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,458 shares of the financial services provider’s stock after acquiring an additional 157 shares during the period. Vance Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $418,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Etfidea LLC lifted its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Etfidea LLC now owns 1,937 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 100 shares in the last quarter. TKG Advisors LLC lifted its position in JPMorgan Chase & Co. by 97.6% in the 3rd quarter. TKG Advisors LLC now owns 13,205 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 6,521 shares in the last quarter. Sutton Place Investors LLC boosted its stake in shares of JPMorgan Chase & Co. by 179.5% during the 4th quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 8,412 shares during the period. Alley Investment Management Company LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 3rd quarter. Alley Investment Management Company LLC now owns 126,913 shares of the financial services provider’s stock valued at $18,405,000 after acquiring an additional 530 shares in the last quarter. Finally, Allen Investment Management LLC increased its stake in shares of JPMorgan Chase & Co. by 15.8% in the third quarter. Allen Investment Management LLC now owns 174,738 shares of the financial services provider’s stock worth $25,341,000 after acquiring an additional 23,894 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Keefe, Bruyette & Woods boosted their price target on 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group restated 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Trading Down 0.6 %

Shares of NYSE JPM opened at $190.51 on Friday. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The company has a 50-day moving average of $191.27 and a two-hundred day moving average of $171.84. The company has a market cap of $547.16 billion, a PE ratio of 11.50, a P/E/G ratio of 2.41 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

JPMorgan Chase & Co. Increases Dividend

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