JPMorgan Chase & Co. (NYSE:JPM) Holdings Trimmed by South Dakota Investment Council

South Dakota Investment Council trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 139,495 shares of the financial services provider’s stock after selling 24,746 shares during the period. South Dakota Investment Council’s holdings in JPMorgan Chase & Co. were worth $23,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Morgan Stanley now owns 62,941,343 shares of the financial services provider’s stock valued at $9,127,754,000 after acquiring an additional 201,441 shares in the last quarter. FMR LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.2% during 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 acquiring an additional 606,382 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of JPMorgan Chase & Co. by 12.2% during 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 acquiring an additional 4,603,090 shares in the last quarter. Northern Trust Corp grew its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Northern Trust Corp now owns 33,089,310 shares of the financial services provider’s stock valued at $4,798,612,000 after acquiring an additional 871,091 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 23,724,676 shares of the financial services provider’s stock valued at $3,442,313,000 after acquiring an additional 457,184 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on JPM. Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $202.00 to $228.00 and gave the company a “buy” rating in a report on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a $185.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, March 20th. Evercore ISI lifted 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 note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. Finally, Oppenheimer reduced their price objective 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

Insiders Place Their Bets

In other news, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the completion of the transaction, the insider now owns 64,783 shares of the company’s stock, valued at $12,656,006.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Vice Chairman Peter Scher sold 1,810 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $178.96, for a total transaction of $323,917.60. Following the completion of the transaction, the insider now owns 44,956 shares of the company’s stock, valued at $8,045,325.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lori A. Beer sold 3,920 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $195.36, for a total transaction of $765,811.20. Following the transaction, the insider now directly owns 64,783 shares of the company’s stock, valued at approximately $12,656,006.88. The disclosure for this sale can be found here. Insiders sold a total of 1,020,696 shares of company stock valued at $186,794,151 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.8 %

JPMorgan Chase & Co. stock opened at $191.81 on Wednesday. The firm has a market cap of $550.90 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.43 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 fifty-two week low of $131.81 and a fifty-two week high of $200.94. The firm has a fifty day moving average price of $190.88 and a two-hundred day moving average price of $171.56.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 5th were given a dividend of $1.15 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

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.