JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by American Financial Advisors LLC

American Financial Advisors LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 28.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,135 shares of the financial services provider’s stock after purchasing an additional 468 shares during the period. American Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. Equitec Proprietary Markets LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $1,407,000. SJS Investment Consulting Inc. boosted its stake in shares of JPMorgan Chase & Co. by 12.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 2,491 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 273 shares during the last quarter. Perennial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the third quarter. Perennial Advisors LLC now owns 59,314 shares of the financial services provider’s stock worth $8,602,000 after buying an additional 198 shares in the last quarter. GHP Investment Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 1.6% in the third quarter. GHP Investment Advisors Inc. now owns 89,805 shares of the financial services provider’s stock valued at $13,291,000 after buying an additional 1,444 shares during the last quarter. Finally, Brown Miller Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 1.3% during the third quarter. Brown Miller Wealth Management LLC now owns 44,074 shares of the financial services provider’s stock worth $6,391,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the completion of the sale, the insider now directly owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 6,030 shares of the stock in a transaction that occurred 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 sale, the general counsel now directly owns 59,456 shares in the company, valued at approximately $10,864,394.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,810 shares of the business’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 $323,917.60. Following the transaction, the insider now owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JPM. Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $185.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Oppenheimer decreased their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a research report on Monday, April 15th. Finally, UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of NYSE:JPM traded down $1.47 during trading on Tuesday, hitting $191.81. The company’s stock had a trading volume of 8,151,636 shares, compared to its average volume of 9,366,520. The company has a market capitalization of $550.90 billion, a PE ratio of 11.58, a PEG 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. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.92. The stock’s 50-day moving average price is $190.88 and its two-hundred day moving average price is $171.56.

JPMorgan Chase & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. 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.