Stone House Investment Management LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Stone House Investment Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 132.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156 shares of the financial services provider’s stock after buying an additional 89 shares during the period. Stone House Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Macroview Investment Management LLC boosted its position in shares of JPMorgan Chase & Co. by 7,833.3% during the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after buying an additional 235 shares during the period. Rakuten Securities Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Briaud Financial Planning Inc purchased a new position in JPMorgan Chase & Co. in the third quarter valued at $40,000. Morton Brown Family Wealth LLC boosted its holdings in JPMorgan Chase & Co. by 2,308.3% in the fourth quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 277 shares during the period. Finally, Bear Mountain Capital Inc. purchased a new position in JPMorgan Chase & Co. in the fourth quarter valued at $51,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $193.08 on Thursday. The stock has a market capitalization of $554.54 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. JPMorgan Chase & Co. has a 52-week low of $131.81 and a 52-week high of $200.94. The stock’s 50-day moving average price is $189.80 and its 200 day moving average price is $170.07. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is 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 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’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 transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the business’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 transaction, the chief executive officer now owns 32,819 shares in the company, valued at approximately $5,873,288.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $179.00, for a total value of $602,872.00. Following the transaction, the insider now owns 202,093 shares in the company, valued at approximately $36,174,647. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 in the last quarter. Company insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. Bank of America lifted their target price on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, January 4th. Barclays lifted their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, UBS Group decreased their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

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.