Kennedy Investment Group Sells 403 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Kennedy Investment Group decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,782 shares of the financial services provider’s stock after selling 403 shares during the period. Kennedy Investment Group’s holdings in JPMorgan Chase & Co. were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Bull Street Advisors LLC lifted its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Bull Street Advisors LLC now owns 17,585 shares of the financial services provider’s stock worth $2,991,000 after purchasing an additional 70 shares in the last quarter. Benedict Financial Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 14,532 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 65 shares in the last quarter. Wealth Effects LLC lifted its position in shares of JPMorgan Chase & Co. by 8.3% in the fourth quarter. Wealth Effects LLC now owns 32,350 shares of the financial services provider’s stock worth $5,503,000 after buying an additional 2,478 shares in the last quarter. Sutton Place Investors LLC boosted its stake in JPMorgan Chase & Co. by 179.5% during the fourth quarter. Sutton Place Investors LLC now owns 13,099 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 8,412 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. by 6.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 184,588 shares of the financial services provider’s stock valued at $31,398,000 after buying an additional 11,031 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.6 %

Shares of JPM opened at $181.14 on Friday. The firm has a market capitalization of $520.25 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 2.27 and a beta of 1.15. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.92 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $131.81 and a 1-year high of $200.94. The company has a 50-day moving average of $188.61 and a 200 day moving average of $168.59.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 5th will be issued a $1.15 dividend. This is a positive change 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 2.54%. JPMorgan Chase & Co.’s payout ratio is presently 27.78%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JPM shares. UBS Group decreased their price objective on JPMorgan Chase & Co. from $226.00 to $219.00 and set a “buy” rating on the stock in a report on Tuesday. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, April 5th. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $221.00 to $216.00 and set an “overweight” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’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 $294,926.08. Following the completion of the sale, the chief executive officer now directly owns 32,819 shares in the company, valued at approximately $5,873,288.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $179.00, for a total transaction of $602,872.00. Following the transaction, the insider now owns 202,093 shares of the company’s stock, valued at approximately $36,174,647. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,696 shares of company stock valued at $186,794,151 over the last quarter. 0.79% of the stock is owned by corporate insiders.

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.