Transcend Capital Advisors LLC Acquires 3,309 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Transcend Capital Advisors LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% during the 4th quarter, HoldingsChannel reports. The firm owned 82,581 shares of the financial services provider’s stock after purchasing an additional 3,309 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.2% of Transcend Capital Advisors LLC’s holdings, making the stock its 11th largest position. Transcend Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $14,047,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JPM. International Assets Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $1,017,893,000. Wellington Management Group LLP boosted its holdings in shares of JPMorgan Chase & Co. by 12.2% during the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after acquiring an additional 4,603,090 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $253,076,000. Cerity Partners LLC increased its holdings in JPMorgan Chase & Co. by 155.2% in the 4th quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after purchasing an additional 1,366,360 shares in the last quarter. Finally, Comerica Bank raised its position in JPMorgan Chase & Co. by 3,025.7% in the third quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after purchasing an additional 1,226,905 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the sale, the chief executive officer now directly owns 264,461 shares in the company, valued at $48,708,426.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $179.00, for a total value of $602,872.00. Following the completion of the transaction, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JPM has been the topic of several recent research reports. UBS Group cut their target price on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. BMO Capital Markets reduced their price objective on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research note on Monday, April 15th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Jefferies Financial Group lifted their price objective on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Down 0.6 %

JPM stock opened at $190.51 on Friday. The firm has a market capitalization 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 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. 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 disclosed 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%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

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.