JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Matrix Trust Co

Matrix Trust Co reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,949 shares of the financial services provider’s stock after selling 97 shares during the period. Matrix Trust Co’s holdings in JPMorgan Chase & Co. were worth $1,692,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Lathrop Investment Management Corp increased its stake in shares of JPMorgan Chase & Co. by 3.6% in the fourth quarter. Lathrop Investment Management Corp now owns 2,519 shares of the financial services provider’s stock worth $429,000 after buying an additional 88 shares during the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $1,070,000. Consolidated Planning Corp raised its stake in shares of JPMorgan Chase & Co. by 4.2% in the 4th quarter. Consolidated Planning Corp now owns 51,046 shares of the financial services provider’s stock valued at $8,683,000 after purchasing an additional 2,051 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of JPMorgan Chase & Co. by 8.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,777,588 shares of the financial services provider’s stock worth $302,391,000 after purchasing an additional 134,824 shares during the last quarter. Finally, Alexander Randolph Advisory Inc. acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth about $3,220,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on JPM shares. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating for the company in a research note on Monday, April 15th. Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $182.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, April 5th. Evercore ISI boosted their price objective on shares of JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $185.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $192.05.

Insiders Place Their Bets

In other news, CEO James Dimon sold 178,222 shares of the 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 in the company, valued at approximately $48,708,426.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Dimon sold 178,222 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $184.18, for a total value of $32,824,927.96. Following the transaction, the chief executive officer now directly owns 264,461 shares of the company’s stock, valued at $48,708,426.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’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 owns 32,819 shares in the company, valued at approximately $5,873,288.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $190.51 on Friday. The company has a 50-day moving average of $191.27 and a 200-day moving average of $171.84. The firm has a market cap of $547.16 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 2.41 and a beta of 1.13. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.41%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.78%.

JPMorgan Chase & Co. Profile

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.