Matrix Trust Co Has $1.69 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Matrix Trust Co decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,949 shares of the financial services provider’s stock after selling 97 shares during the period. Matrix Trust Co’s holdings in JPMorgan Chase & Co. were worth $1,692,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JPM. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in JPMorgan Chase & Co. by 1.7% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 33,258 shares of the financial services provider’s stock worth $4,823,000 after acquiring an additional 541 shares in the last quarter. MPS Loria Financial Planners LLC raised its stake in shares of JPMorgan Chase & Co. by 29.2% during the 3rd quarter. MPS Loria Financial Planners LLC now owns 1,952 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 441 shares in the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 3,740 shares of the financial services provider’s stock valued at $542,000 after buying an additional 160 shares during the last quarter. Oak Family Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 9.4% in the third quarter. Oak Family Advisors LLC now owns 16,754 shares of the financial services provider’s stock valued at $2,430,000 after buying an additional 1,433 shares in the last quarter. Finally, Modus Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.2% in the third quarter. Modus Advisors LLC now owns 25,458 shares of the financial services provider’s stock valued at $3,692,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $190.51 on Friday. The business has a fifty day simple moving average of $191.27 and a 200 day simple moving average of $171.84. The company 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 company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $1.15 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.41%. 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 Activity

In related news, General Counsel Stacey Friedman sold 6,030 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 in the company, valued at approximately $10,864,394.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO James Dimon sold 821,778 shares of the company’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 $150,163,493.94. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,020,696 shares of company stock worth $186,794,151. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Morgan Stanley reduced their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target 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.