G&S Capital LLC Lowers Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

G&S Capital LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 48.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,071 shares of the financial services provider’s stock after selling 9,645 shares during the period. G&S Capital LLC’s holdings in JPMorgan Chase & Co. were worth $1,713,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JPM. Janiczek Wealth Management LLC boosted its stake in JPMorgan Chase & Co. by 21.2% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,467 shares of the financial services provider’s stock valued at $420,000 after buying an additional 431 shares during the period. Cerity Partners LLC increased its stake 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 acquiring an additional 1,366,360 shares during the last quarter. Bay Harbor Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 711.3% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 430 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 377 shares in the last quarter. Eagle Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Eagle Capital Management LLC now owns 20,970 shares of the financial services provider’s stock valued at $3,567,000 after acquiring an additional 129 shares in the last quarter. Finally, Seelaus Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 52.7% during the 4th quarter. Seelaus Asset Management LLC now owns 3,099 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 1,070 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $179.96 on Thursday. The stock has a market capitalization of $516.86 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 2.30 and a beta of 1.15. The firm’s 50-day moving average price is $188.48 and its two-hundred day moving average price is $168.50. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a 12-month low of $131.81 and a 12-month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, April 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a report on Monday. Jefferies Financial Group raised 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 report on Monday, April 8th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the stock from $140.00 to $190.00 in a research report on Tuesday, January 9th. Finally, Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.05.

Insider Transactions at JPMorgan Chase & Co.

In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated 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 of the company’s stock, valued at approximately $108,782,092.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the transaction, the chief executive officer now directly owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

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.