Mitchell Mcleod Pugh & Williams Inc. Purchases 104 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,362 shares of the financial services provider’s stock after purchasing an additional 104 shares during the quarter. JPMorgan Chase & Co. accounts for 1.5% of Mitchell Mcleod Pugh & Williams Inc.’s holdings, making the stock its 8th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in JPMorgan Chase & Co. were worth $5,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of JPM. Reston Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.7% during the 3rd quarter. Reston Wealth Management LLC now owns 4,989 shares of the financial services provider’s stock worth $723,000 after purchasing an additional 82 shares during the last quarter. Lake Street Financial LLC boosted its position in shares of JPMorgan Chase & Co. by 31.4% in the third quarter. Lake Street Financial LLC now owns 43,130 shares of the financial services provider’s stock worth $6,366,000 after acquiring an additional 10,311 shares during the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of JPMorgan Chase & Co. by 15.3% in the third quarter. Future Financial Wealth Managment LLC now owns 4,728 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 627 shares during the last quarter. Index Fund Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 29.4% in the third quarter. Index Fund Advisors Inc. now owns 3,304 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 751 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV boosted its position in shares of JPMorgan Chase & Co. by 3.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 40,319 shares of the financial services provider’s stock worth $5,847,000 after acquiring an additional 1,464 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.6 %

JPM opened at $190.51 on Friday. The firm has a market capitalization of $547.08 billion, a P/E ratio of 11.50, a P/E/G ratio of 2.40 and a beta of 1.13. The firm’s 50 day moving average is $191.40 and its 200-day moving average is $172.13. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. 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. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were paid a dividend of $1.15 per share. The ex-dividend date was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JPM shares. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, 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 on the stock in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Activity

In other news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. 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 $150,163,493.94. Following the sale, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares in the company, valued at $10,864,394.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now owns 595,316 shares of the company’s stock, valued at approximately $108,782,092.68. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last 90 days. Company insiders own 0.79% of the company’s stock.

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.