JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by CKW Financial Group

CKW Financial Group lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,987 shares of the financial services provider’s stock after selling 139 shares during the period. JPMorgan Chase & Co. makes up approximately 0.3% of CKW Financial Group’s portfolio, making the stock its 16th biggest holding. 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 have also modified their holdings of the stock. Stone House Investment Management LLC grew its holdings in JPMorgan Chase & Co. by 132.8% during the fourth quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the period. Macroview Investment Management LLC grew its holdings in 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 acquiring an additional 235 shares during the period. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the first quarter worth $34,000. Bare Financial Services Inc acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Finally, Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $36,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on JPM. Bank of America boosted their target price 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. Piper Sandler decreased their target price on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Oppenheimer decreased their target price on 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, Morgan Stanley decreased their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock traded up $0.12 during trading on Friday, hitting $193.49. The company’s stock had a trading volume of 6,413,655 shares, compared to its average volume of 10,240,044. The stock has a market capitalization of $555.72 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.43 and a beta of 1.15. The stock’s fifty day moving average is $190.36 and its 200 day moving average is $170.91. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year 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.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the completion of the transaction, the insider now directly owns 64,783 shares in the company, valued at $12,656,006.88. 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 company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction of $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $195.36, for a total value of $765,811.20. Following the sale, 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. Over the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by insiders.

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.