JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Stonegate Investment Group LLC

Stonegate Investment Group LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 715,015 shares of the financial services provider’s stock after acquiring an additional 5,374 shares during the period. JPMorgan Chase & Co. accounts for approximately 4.5% of Stonegate Investment Group LLC’s holdings, making the stock its 3rd biggest position. Stonegate Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $143,218,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Trust Co of the South raised its holdings in shares of JPMorgan Chase & Co. by 1.1% during 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 buying an additional 53 shares during the last quarter. PFW Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.1% during the first 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. raised its holdings in shares of JPMorgan Chase & Co. by 2.0% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,837 shares of the financial services provider’s stock valued at $568,000 after buying an additional 55 shares during the last quarter. KFG Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.6% during the first quarter. KFG Wealth Management LLC now owns 1,594 shares of the financial services provider’s stock valued at $319,000 after buying an additional 56 shares during the last quarter. Finally, Silvia Mccoll Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% during the first quarter. Silvia Mccoll Wealth Management LLC now owns 5,978 shares of the financial services provider’s stock valued at $1,169,000 after buying an additional 58 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JPM shares. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Royal Bank of Canada reissued an “outperform” rating and set a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. UBS Group dropped their target price on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating on the stock in a report on Monday, April 15th. Finally, Barclays boosted their target price on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insider Activity

In other news, CEO James Dimon sold 178,222 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares in the company, valued at approximately $48,708,426.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 44,956 shares in the company, valued at $8,045,325.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Dimon sold 178,222 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $184.18, for a total transaction of $32,824,927.96. Following the completion of the sale, the chief executive officer now owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock worth $186,794,151 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8 %

Shares of JPMorgan Chase & Co. stock traded down $1.47 on Tuesday, hitting $191.81. 8,151,636 shares of the company traded hands, compared to its average volume of 9,366,520. The company has a 50-day moving average price of $190.88 and a 200 day moving average price of $171.56. 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. has a 12-month low of $131.81 and a 12-month high of $200.94. The company has a market cap 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. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be issued a dividend of $1.15 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 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.