JPMorgan Chase & Co. (NYSE:JPM) Position Reduced by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 115,573 shares of the financial services provider’s stock after selling 382 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $19,659,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bridgewater Advisors Inc. grew its position in JPMorgan Chase & Co. by 1.2% in the third quarter. Bridgewater Advisors Inc. now owns 36,534 shares of the financial services provider’s stock worth $5,298,000 after buying an additional 421 shares during the last quarter. Ledge Wealth Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 10.7% in the 3rd quarter. Ledge Wealth Management Inc. now owns 17,853 shares of the financial services provider’s stock worth $2,589,000 after acquiring an additional 1,730 shares during the last quarter. Clear Creek Financial Management LLC raised its position in shares of JPMorgan Chase & Co. by 2.5% during the third quarter. Clear Creek Financial Management LLC now owns 22,872 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 552 shares during the period. Mission Wealth Management LP lifted its holdings in shares of JPMorgan Chase & Co. by 6.1% during the third quarter. Mission Wealth Management LP now owns 31,956 shares of the financial services provider’s stock valued at $4,634,000 after purchasing an additional 1,838 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 4.7% in the 3rd quarter. Dakota Wealth Management now owns 187,245 shares of the financial services provider’s stock valued at $27,154,000 after purchasing an additional 8,470 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Morgan Stanley decreased their price objective on shares of 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. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Finally, UBS Group reduced their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the company’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 transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $1,101,861.90. Following the completion of the sale, the general counsel now owns 59,456 shares in the company, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders sold 1,042,525 shares of company stock worth $190,961,526 over the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $191.80 on Wednesday. The business has a 50-day moving average of $191.74 and a two-hundred day moving average of $173.16. 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 current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $550.79 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.38 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $4.63 EPS for the quarter, beating the consensus estimate 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 company had revenue of $41.93 billion for the quarter, compared to the consensus estimate of $40.90 billion. On average, equities research analysts predict that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. 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 2.40%. 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.