Opus Capital Group LLC Sells 403 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Opus Capital Group LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,455 shares of the financial services provider’s stock after selling 403 shares during the quarter. Opus Capital Group LLC’s holdings in JPMorgan Chase & Co. were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in JPM. Stone House Investment Management LLC increased its stake in JPMorgan Chase & Co. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 89 shares during the last quarter. Macroview Investment Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 7,833.3% in the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 235 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter worth approximately $40,000. Rakuten Securities Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2,308.3% in the 4th quarter. Morton Brown Family Wealth LLC now owns 289 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 277 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $193.08 on Thursday. JPMorgan Chase & Co. has a twelve month low of $131.81 and a twelve month high of $200.94. The stock has a market capitalization of $554.54 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 2.38 and a beta of 1.15. The stock has a fifty day simple moving average of $189.80 and a two-hundred day simple moving average of $170.07. 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. 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 issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 4th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.78%.

Insiders Place Their Bets

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. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,810 shares of JPMorgan Chase & Co. stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $178.96, for a total value of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at $8,045,325.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer Piepszak sold 1,648 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 32,819 shares of the company’s stock, valued at $5,873,288.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,020,696 shares of company stock worth $186,794,151. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $140.00 to $190.00 in a report on Tuesday, January 9th. 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. BMO Capital Markets dropped their target price on JPMorgan Chase & Co. from $196.00 to $195.00 and set a “market perform” rating for the company in a report on Monday, April 15th. Finally, Piper Sandler dropped their price objective on JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.05.

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.