JPMorgan Chase & Co. (NYSE:JPM) Holdings Decreased by CKW Financial Group

CKW Financial Group lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,987 shares of the financial services provider’s stock after selling 139 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.3% of CKW Financial Group’s holdings, making the stock its 16th biggest position. CKW Financial Group’s holdings in JPMorgan Chase & Co. were worth $2,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Outlook Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $236,000. Donaldson Capital Management LLC grew its stake in JPMorgan Chase & Co. by 0.5% in the first quarter. Donaldson Capital Management LLC now owns 343,502 shares of the financial services provider’s stock valued at $68,803,000 after purchasing an additional 1,729 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in JPMorgan Chase & Co. in the first quarter valued at about $969,000. Lakewood Asset Management LLC grew its stake in JPMorgan Chase & Co. by 57.6% in the first quarter. Lakewood Asset Management LLC now owns 3,171 shares of the financial services provider’s stock valued at $635,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Solitude Financial Services grew its stake in JPMorgan Chase & Co. by 24.6% in the first quarter. Solitude Financial Services now owns 3,065 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $184.18, for a total value of $32,824,927.96. Following the completion of the transaction, the chief executive officer now owns 264,461 shares of the company’s stock, valued at approximately $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total value 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 approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JPM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Bank of America boosted their price target on JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Jefferies Financial Group boosted their price target on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. BMO Capital Markets reduced their price target on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock traded up $0.12 during trading hours on Friday, hitting $193.49. The stock had a trading volume of 6,413,655 shares, compared to its average volume of 10,240,044. The company has a 50-day moving average of $190.36 and a two-hundred day moving average of $170.91. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.29. The company has a market cap of $555.72 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be issued a $1.15 dividend. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. This represents a $4.60 annualized dividend and a yield of 2.38%. JPMorgan Chase & Co.’s dividend payout ratio is 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.