Paradigm Financial Partners LLC Has $5.75 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Paradigm Financial Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,828 shares of the financial services provider’s stock after acquiring an additional 999 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.4% of Paradigm Financial Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Paradigm Financial Partners LLC’s holdings in JPMorgan Chase & Co. were worth $5,754,000 at the end of the most recent reporting period.

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

JPMorgan Chase & Co. Trading Down 0.6 %

Shares of JPMorgan Chase & Co. stock opened at $190.51 on Friday. The firm 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. JPMorgan Chase & Co. has a 1 year low of $131.81 and a 1 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 stock has a fifty day moving average price of $191.27 and a 200-day moving average price of $171.84.

JPMorgan Chase & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was 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 27.78%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group reduced their price target on 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 reduced their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the sale, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 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.