Nilsine Partners LLC Purchases 3,080 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Nilsine Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,665 shares of the financial services provider’s stock after purchasing an additional 3,080 shares during the period. JPMorgan Chase & Co. makes up 0.9% of Nilsine Partners LLC’s investment portfolio, making the stock its 27th largest holding. Nilsine Partners LLC’s holdings in JPMorgan Chase & Co. were worth $6,342,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JPM. Trust Co of the South grew its position 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 worth $991,000 after purchasing an additional 53 shares in the last quarter. PFW Advisors LLC grew its position 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 worth $1,048,000 after purchasing an additional 55 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its position 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 worth $568,000 after purchasing an additional 55 shares in the last quarter. KFG Wealth Management LLC grew its position 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 worth $319,000 after purchasing an additional 56 shares in the last quarter. Finally, Silvia Mccoll Wealth Management LLC boosted its stake in 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JPM shares. The Goldman Sachs Group reissued a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Morgan Stanley dropped their target price on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a report on Friday, April 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.05.

JPMorgan Chase & Co. Stock Down 0.8 %

NYSE JPM traded down $1.47 on Tuesday, reaching $191.81. 8,151,636 shares of the stock traded hands, compared to its average volume of 9,366,520. 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 company has a fifty day moving average price of $190.88 and a 200-day moving average price of $171.56. The company has a market cap of $550.90 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th will be given a dividend of $1.15 per share. 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 yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is 27.78%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction on Friday, February 16th. The stock was sold at an average price of $178.96, for a total transaction 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 approximately $8,045,325.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Vice Chairman Peter Scher sold 1,810 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 44,956 shares of the company’s stock, valued at approximately $8,045,325.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 202,093 shares of the company’s stock, valued at $36,174,647. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

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.