Global Wealth Management Investment Advisory Inc. Sells 369 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Global Wealth Management Investment Advisory Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,299 shares of the financial services provider’s stock after selling 369 shares during the period. JPMorgan Chase & Co. comprises 1.9% of Global Wealth Management Investment Advisory Inc.’s holdings, making the stock its 13th largest position. Global Wealth Management Investment Advisory Inc.’s holdings in JPMorgan Chase & Co. were worth $7,365,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Stone House Investment Management LLC raised its stake in shares of 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 valued at $27,000 after purchasing an additional 89 shares during the period. Stuart Chaussee & Associates Inc. acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $40,000. Macroview Investment Management LLC grew its stake in shares of JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 235 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Jennifer Piepszak sold 1,648 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 32,819 shares in the company, valued at $5,873,288.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Elena A. Korablina sold 21,829 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $190.91, for a total transaction of $4,167,374.39. Following the completion of the transaction, the insider now directly owns 6,484 shares in the company, valued at $1,237,860.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,648 shares of the firm’s stock in a transaction on 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 directly 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 1,042,525 shares of company stock valued at $190,961,526 over the last three months. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JPM shares. Evercore ISI raised their price target on JPMorgan Chase & Co. from $188.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, April 4th. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $217.00 and set an “outperform” rating on the stock in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $190.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Thursday, February 1st. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $192.05.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $191.96 on Tuesday. The company has a market cap of $551.25 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.38 and a beta of 1.13. JPMorgan Chase & Co. has a fifty-two week low of $133.13 and a fifty-two week high of $200.94. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day moving average price of $191.58 and a 200-day moving average price of $172.82.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.45. The business had revenue of $41.93 billion during the quarter, compared to analysts’ expectations of $40.90 billion. JPMorgan Chase & Co. had a net margin of 20.05% and a return on equity of 17.79%. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 15.98 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors 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 annualized dividend and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.78%.

JPMorgan Chase & Co. Company 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.