Sawyer & Company Inc Sells 802 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sawyer & Company Inc trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 18,600 shares of the financial services provider’s stock after selling 802 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Sawyer & Company Inc’s investment portfolio, making the stock its 26th largest holding. Sawyer & Company Inc’s holdings in JPMorgan Chase & Co. were worth $3,164,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JPM. State Street Corp boosted its stake in JPMorgan Chase & Co. by 1.9% during the second quarter. State Street Corp now owns 126,243,947 shares of the financial services provider’s stock valued at $18,360,920,000 after buying an additional 2,384,901 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after buying an additional 97,907,897 shares during the last quarter. Morgan Stanley boosted its stake in JPMorgan Chase & Co. by 0.3% during the third quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after buying an additional 201,441 shares during the last quarter. FMR LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the 3rd quarter. FMR LLC now owns 49,417,639 shares of the financial services provider’s stock valued at $7,166,546,000 after purchasing an additional 606,382 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of JPMorgan Chase & Co. by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock valued at $6,151,997,000 after purchasing an additional 4,603,090 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Thursday, February 1st. Finally, Oppenheimer reduced their price target on JPMorgan Chase & Co. from $238.00 to $219.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.63.

Insider Transactions 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 dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the sale, the chief executive officer now 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 SEC, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO James Dimon sold 821,778 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.73, for a total transaction of $150,163,493.94. Following the completion of the transaction, the chief executive officer now owns 595,316 shares in the company, valued at approximately $108,782,092.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stacey Friedman sold 6,030 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.73, for a total value of $1,101,861.90. Following the transaction, the general counsel now owns 59,456 shares of the company’s stock, valued at approximately $10,864,394.88. The disclosure for this sale can be found here. Insiders sold 849,303 shares of company stock valued at $155,107,447 in the last quarter. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.9 %

Shares of NYSE:JPM opened at $199.52 on Thursday. JPMorgan Chase & Co. has a 12-month low of $126.22 and a 12-month high of $200.48. The business’s fifty day simple moving average is $181.58 and its 200-day simple moving average is $163.37. The company has a market capitalization of $574.69 billion, a PE ratio of 12.30, a P/E/G ratio of 2.46 and a beta of 1.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $3.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.73 by ($0.69). The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. JPMorgan Chase & Co. had a net margin of 20.70% and a return on equity of 17.80%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 15.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given 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 dividend on an annualized basis and a dividend yield of 2.31%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 28.36%.

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.