JPMorgan Chase & Co. (NYSE:JPM) is Stonegate Investment Group LLC’s 3rd Largest Position

Stonegate Investment Group LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 715,015 shares of the financial services provider’s stock after buying an additional 5,374 shares during the quarter. JPMorgan Chase & Co. comprises 4.5% of Stonegate Investment Group LLC’s holdings, making the stock its 3rd largest position. Stonegate Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $143,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stone House Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 132.8% in the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Macroview Investment Management LLC raised its stake in shares of JPMorgan Chase & Co. by 7,833.3% in the third quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the last quarter. Richardson Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $34,000. Bare Financial Services Inc purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $35,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $36,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. 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 sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Ashley Bacon sold 3,368 shares of JPMorgan Chase & Co. 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 sale, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 completion of the sale, the general counsel now directly owns 59,456 shares in the company, valued at $10,864,394.88. The disclosure for this sale can be found here. Insiders have sold 1,020,696 shares of company stock valued at $186,794,151 over the last ninety days. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JPM shares. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. UBS Group reduced their price target on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. 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, Morgan Stanley reduced their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Price Performance

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 current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $190.88 and its 200 day simple moving average is $171.56. The firm has a market capitalization of $550.90 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month 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. Stockholders of record on Friday, April 5th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

JPMorgan Chase & Co. Company Profile

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.