JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,173 shares of the financial services provider’s stock after selling 530 shares during the period. JPMorgan Chase & Co. comprises 1.2% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 16th largest position. Alpha Omega Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $1,017,893,000. Wellington Management Group LLP boosted its stake in shares of JPMorgan Chase & Co. by 12.2% in the third quarter. Wellington Management Group LLP now owns 42,421,711 shares of the financial services provider’s stock worth $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $253,076,000. Cerity Partners LLC increased its position in shares of JPMorgan Chase & Co. by 155.2% during the fourth quarter. Cerity Partners LLC now owns 2,246,582 shares of the financial services provider’s stock worth $382,144,000 after purchasing an additional 1,366,360 shares in the last quarter. Finally, Comerica Bank raised its stake in JPMorgan Chase & Co. by 3,025.7% in the 3rd quarter. Comerica Bank now owns 1,267,455 shares of the financial services provider’s stock valued at $183,806,000 after purchasing an additional 1,226,905 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $193.08 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $131.81 and a fifty-two week 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. The company has a 50 day moving average price of $189.80 and a 200 day moving average price of $170.07. The stock has a market capitalization of $554.54 billion, a P/E ratio of 11.66, a PEG ratio of 2.38 and a beta of 1.15.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th will be given a dividend of $1.15 per share. 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 dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

Insider Activity

In related news, CEO Jennifer Piepszak sold 1,648 shares of the 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 transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at approximately $5,873,288.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $294,926.08. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James Dimon sold 821,778 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 595,316 shares in the company, valued at $108,782,092.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,020,696 shares of company stock valued at $186,794,151. 0.79% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $177.00 to $188.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Evercore ISI boosted 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. Finally, Oppenheimer dropped their price target on JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company 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, the company has an average rating of “Moderate Buy” and an average target price of $192.05.

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.