JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,299 shares of the financial services provider’s stock after selling 369 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 13th largest position. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Chase & Co. were worth $7,365,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Cannell & Co. increased its position in shares of JPMorgan Chase & Co. by 1.9% in the fourth quarter. Cannell & Co. now owns 83,796 shares of the financial services provider’s stock worth $14,254,000 after acquiring an additional 1,563 shares in the last quarter. Owen LaRue LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.6% during the fourth quarter. Owen LaRue LLC now owns 27,357 shares of the financial services provider’s stock worth $4,653,000 after purchasing an additional 2,168 shares during the period. Oakwell Private Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 18.6% during the fourth quarter. Oakwell Private Wealth Management LLC now owns 5,330 shares of the financial services provider’s stock worth $907,000 after purchasing an additional 837 shares during the period. PYA Waltman Capital LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.1% during the fourth quarter. PYA Waltman Capital LLC now owns 11,073 shares of the financial services provider’s stock worth $1,883,000 after purchasing an additional 229 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 12.3% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,801 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 743 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Lori A. Beer sold 3,920 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total transaction of $765,811.20. Following the sale, the insider now directly owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, insider Elena A. Korablina sold 21,829 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $190.91, for a total value of $4,167,374.39. Following the transaction, the insider now directly owns 6,484 shares of the company’s stock, valued at $1,237,860.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, the insider now owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,042,525 shares of company stock worth $190,961,526 over the last 90 days. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on JPM shares. UBS Group decreased 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 report on Tuesday, April 16th. BMO Capital Markets decreased 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. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Piper Sandler reduced their target price on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Up 0.8 %

JPM opened at $191.96 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $133.13 and a fifty-two week high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $551.25 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.38 and a beta of 1.13. The stock has a fifty day moving average of $191.58 and a 200-day moving average of $172.82.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, April 12th. The financial services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.45. JPMorgan Chase & Co. had a return on equity of 17.79% and a net margin of 20.05%. The firm had revenue of $41.93 billion for the quarter, compared to analysts’ expectations of $40.90 billion. On average, equities analysts expect that JPMorgan Chase & Co. will post 15.98 EPS for the current year.

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 given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date 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 currently 27.78%.

JPMorgan Chase & Co. Company 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.