Meridian Wealth Partners LLC Has $658,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Meridian Wealth Partners LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,869 shares of the financial services provider’s stock after purchasing an additional 245 shares during the period. Meridian Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JPM. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $1,017,893,000. Wellington Management Group LLP lifted its stake in 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 valued at $6,151,997,000 after acquiring an additional 4,603,090 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $253,076,000. Cerity Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 155.2% during the 4th 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 during the last quarter. Finally, Comerica Bank raised its holdings in shares of 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 period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.6 %

Shares of JPM opened at $190.51 on Friday. The stock’s 50-day moving average price is $191.40 and its two-hundred day moving average price is $172.13. JPMorgan Chase & Co. has a 12 month low of $131.81 and a 12 month high of $200.94. The company has a market capitalization of $547.08 billion, a PE ratio of 11.50, a PEG ratio of 2.40 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. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 5th were paid a $1.15 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, April 4th. JPMorgan Chase & Co.’s payout ratio is currently 27.78%.

Insider Activity at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,810 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 value of $323,917.60. Following the transaction, the insider now owns 44,956 shares in the company, valued at approximately $8,045,325.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 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 accessible through this hyperlink. Also, CEO Jennifer Piepszak sold 1,648 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 value 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. Insiders have sold 1,020,696 shares of company stock worth $186,794,151 over the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. 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 report on Monday, April 15th. Keefe, Bruyette & Woods boosted their target price 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. Piper Sandler decreased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $215.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $202.00 to $228.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $185.00 price target 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.