JPMorgan Chase & Co. (NYSE:JPM) Stake Lessened by QV Investors Inc.

QV Investors Inc. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,310 shares of the financial services provider’s stock after selling 8,130 shares during the period. QV Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $7,073,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Trust Co of the South raised its holdings in shares of JPMorgan Chase & Co. by 1.1% in the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock valued at $991,000 after purchasing an additional 53 shares during the last quarter. PFW Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.1% in the 1st quarter. PFW Advisors LLC now owns 5,232 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 55 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in JPMorgan Chase & Co. by 2.0% during the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock worth $568,000 after buying an additional 55 shares in the last quarter. KFG Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.6% during the 1st quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock worth $319,000 after buying an additional 56 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 5,978 shares of the financial services provider’s stock valued at $1,169,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on JPM. Piper Sandler dropped their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, April 5th. BMO Capital Markets cut their price target on shares of JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a research note on Monday, April 15th. Finally, Jefferies Financial Group boosted their price objective on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.05.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total value of $150,163,493.94. Following the completion of the transaction, the chief executive officer now directly 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 through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of the 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 directly owns 595,316 shares in the company, valued at $108,782,092.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 3,920 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The disclosure for this sale can be found here. Insiders sold 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM traded up $0.12 during midday trading on Friday, reaching $193.49. 6,413,655 shares of the stock were exchanged, compared to its average volume of 10,240,044. The stock’s 50 day simple moving average is $190.36 and its 200 day simple moving average is $170.57. The company has a market cap of $555.72 billion, a P/E ratio of 11.68, a PEG ratio of 2.42 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. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be paid 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 payout ratio is 27.78%.

JPMorgan Chase & Co. 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.