Meridian Wealth Partners LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Meridian Wealth Partners LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% during the 4th quarter, HoldingsChannel reports. The firm owned 3,869 shares of the financial services provider’s stock after purchasing an additional 245 shares during the period. Meridian Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $658,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JPM. Magnus Financial Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.5% during the 4th quarter. Magnus Financial Group LLC now owns 46,011 shares of the financial services provider’s stock valued at $7,826,000 after buying an additional 1,537 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.6% during the fourth quarter. HHM Wealth Advisors LLC now owns 6,482 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 223 shares during the period. Convergence Investment Partners LLC lifted its position in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Convergence Investment Partners LLC now owns 22,631 shares of the financial services provider’s stock valued at $3,850,000 after acquiring an additional 181 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 5.8% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 6,219 shares of the financial services provider’s stock worth $1,058,000 after acquiring an additional 340 shares during the period. Finally, Intellectus Partners LLC raised its stake in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Intellectus Partners LLC now owns 21,545 shares of the financial services provider’s stock valued at $3,665,000 after purchasing an additional 309 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 in the company, valued at $48,708,426.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the sale, 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 accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $140.00 to $190.00 in a research note on Tuesday, January 9th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, April 5th. Oppenheimer cut their price objective on 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. Finally, BMO Capital Markets decreased their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.05.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM opened at $190.51 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock’s 50 day moving average price is $191.40 and its 200-day moving average price is $172.13. JPMorgan Chase & Co. has a one year low of $131.81 and a one year high of $200.94. The stock has a market cap of $547.08 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.40 and a beta of 1.13.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. 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%.

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.